Late fee for the late filing of the MVAT and PT return - effective from 01.08.2012

---------- Forwarded message ----------
From: CA Ajay Agrawal <caagrawal.nsk@gmail.com>
Date: Thu, Aug 2, 2012 at 7:23 PM
Subject: Late fee for the late filing of the MVAT and PT return - effective from 01.08.2012
To: CA Ajay Agrawal <caagrawal.nsk@gmail.com>

Dear All,

The Department of Sales Tax has issued Notification No.VAT.1512/C.R. 65/Taxation-1 dated 4th July, 2012 specifying that the provisions relating to payment of late fee for filing returns beyond due date under Maharashtra VAT Act and Maharashtra Profession Tax Act will be effective from 1st August, 2012.

Vide Maharashtra Act No. VIII of 2012 published on 25th April, 2012, the provisions under Maharashtra VAT Act and Maharashtra Profession Tax Act are amended and accordingly -

• Section 6(3) of Maharashtra Profession Tax Act, 1975 was substituted and provided that "Where an employer has failed to file such return within prescribed time, he shall pay, by way of late fee, an amount of rupees one thousand before filing of the said return. ...." in addition to the tax payable.
• Section 20(6) of Maharashtra VAT Act, 2002 was added and provided that "Where a person or dealer fails to file return within prescribed time, as provided under this section, then the said person or dealer shall, before filing of the said return,  pay, by way of late fee, an amount of rupees five thousand. ...." in addition to the tax payable.

Note that it will be applicable for all the returns pending irrespective of the period for which it relates.