VAT Cir – 13T of 2014 – Exemption from payment of late fee under section 20(6) of the Maharashtra Value Added Tax Act, 2002.

Office of the

Commissioner of Sales Tax,

Maharashtra State,

Vikrikar Bhavan, 8th floor,

Mazgaon, Mumbai-400010 .

TRADE CIRCULAR

Sub: Exemption from payment of late fee under section 20(6) of the Maharashtra Value Added Tax Act, 2002.

Ref: Notification No. VAT-1514/C.R.44/Taxation-1 dated 9th July 2014.

No. AMD-2014/12/Adm-8,     Mumbai, dated: 02.08.2014

Trade Cir. 13T of 2014

A late fee of rupees 5,000 for delayed returns was introduced with effect from 1st August 2012 under the Maharashtra Value Added Tax Act, 2002 by virtue of sub-section (6) inserted in section 20.

2. The State Government issued a notification under the proviso to section 20(6) on 1st January 2014, providing for exemption from the payment of late fee in seven specified contingencies.

3. The said notification is now amended vide notification dated 9th July 2014 and one more contingency is added to it. In view of this amendment, a dealer, who has not filed any of the return that was due on or before 1st April 2014 may file such return/returns up to 30th September 2014 by paying late fee of rupees 1,000 for each return, instead of rupees 5,000. The last return that was due before 1st April 2014 was that of February 2014. Thus, dealer may file any of the returns for periods up to February 2014. However, in order to claim this benefit, such dealer must also pay tax and interest, payable as per the said late return up to 30th September 2014. It may be noted that all three responsibilities, i.e. filing of return, payment of tax and interest, should be discharged by the dealer up to 30th September 2014. If any dealer files a return up to 30th September 2014 but does not pay either the tax or the interest, payable as per the said return up to 30th September 2014, then he shall not be eligible for benefit of this partial exemption for the respective return.

4. It may be noted that a rigorous drive has been planned after 30thSeptember 2014 against the return defaulters. Hence all the defaulting dealers are requested to file all the pending returns and pay the applicable tax and interest at the earliest and take benefit of this exemption.

5. If any member of the trade has any doubt, he may refer to this office for further clarification.

(Dr. Niteen Kareer)

Commissioner of Sales Tax,

Maharashtra State, Mumbai.

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Tags : MVAT (630)

0 responses to “MVAT – Late Payment fees for VAT return up to February 2014 reduced to Rs. 1000”

  1. G.P.ACHARI says:

    Sir?
    Today(10/11/14)is the last date of my
    Vat return but it is not posible next
    Two days what can I do for
    G.P.ACHARI
    EVERGTEEN MACHINE TOOLS

    INDRAYANI NAGAR BHOSARI PUNE 26
    MOB 9890137630

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