Stocks

9 January 2017

VAT update

With a view to grant an opportunity to the defaulters, before the Department starts a rigorous drive against returns’ defaulters in the month of March 2017, the Government of Maharashtra issued notification No. VAT 1516/CR 178/Taxn-1, Dated 28th December 2016. By virtue of this notification, a limited period opportunity is being given for the returns defaulters to upload returns for the period prior to 01/04/2016 without payment of late fee or on payment of partial late fee.

Sr. No
Phase
Return Filed during the period
Late fee payable
1
Phase I
1st January 2017 to
31st January 2017
No late fee payable
2
Phase II
1st February 2017 to 
28th February 2017
Rs. 2000/- payable per return

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