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April 2014

Extension for filing Audit Report in Form 704 for F.Y. 2012-13 by developers

By Tarun Ghia, Pratik Mehta, Brijesh Cholera Chartered Accountants
Reading Time 1 mins
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Trade Circular 6T of 2014 dated 21-02-2014

In case of the developers (Other than those opting for composition scheme), if MVAT Audit report for the F. Y. 2012-13 is filed up to 31st March, 2014 it is decided administratively not to levy penalty u/s. 61(2) of the MVAT Act.

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