Penalty for Late filing or non filing of VAT Audit report
Can any one tell me provisions of late filling of VAT Audit report viz penalty and other consequences if any.
The penalty for late filing or non filing of VAT audit reports in Karnataka are:
Rs. 5000 penalty and additional penalty of Rs. 50 for each day of delay.
I feel we can discuss better things than these small provisions since these things are generally available everywhere on net. Kindly dont consider it as a rude comment, it was just an opinion. Revert to me for any further queries on KVAT related issues
~CA Vedanta Deshika