01-19-2011, 04:07 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by olympia</i>
<br />Just read the Chapter-VII "OFFENCES AND PENALTIES" Section 33 of Sales Tax Act 1990,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I am still unclear by this S33(1).
1. Where any person
fails to furnish a
return within the
due date.
Such person shall pay a
penalty of five thousand
rupees
Provided that in case a
person files a return
within fifteen days of the
due date, he shall pay a
penalty of one hundred
rupees for each day of
default
i am still confused should i pay 100 rs per day or shld i go for Default surcharge KIBOR + 3%
<br />Just read the Chapter-VII "OFFENCES AND PENALTIES" Section 33 of Sales Tax Act 1990,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I am still unclear by this S33(1).
1. Where any person
fails to furnish a
return within the
due date.
Such person shall pay a
penalty of five thousand
rupees
Provided that in case a
person files a return
within fifteen days of the
due date, he shall pay a
penalty of one hundred
rupees for each day of
default
i am still confused should i pay 100 rs per day or shld i go for Default surcharge KIBOR + 3%
