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April 2008

Non-filing of VAT returns : Trade Cir. No. 7T of 2008, dated 5-3-2008.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi
Chartered Accountants
Reading Time 1 mins
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Maharashtra VAT :


 

15 Non-filing of VAT returns : Trade Cir.
No. 7T of 2008, dated 5-3-2008.

The Circular states that in cases where show-cause notices
for prosecution due to non-filing of returns have been issued, and pursuant to
notices, the dealers file their returns before actual launch of prosecution
proceedings, the prosecution proceedings would be dropped. However, the interest
and penalty provisions would apply in these cases also. This relaxation would be
available only till 31-3-2008.

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