Trade Circular No. 6T of 2010

Dated 02/02/2010

Penalty under section 29(8) of MVAT Act, 2002.

In the Tarde Circlar cited at refence No. 3 above, in the para 5 it is provided that if the periodicity determined by the department and peridiocity at which the dealer has filed returns is different, then the said dealer shall file revised returns for the said period as per the periodicity determined by the department by 31^st January 2010. It was provided that if the dealer files the revised returns by 31^st January 2010, then such dealer shall not be subjected to the penalty under section 29(8) of MVAT Act, 2002.

2. Now it is provided that the date of filing revised returns for the purpose mentioned above is extended from 31^st January 2010 to 15^th March 2010. The other contents of the above circular cited at reference 2 with respect to his deadline remains same.

3. this circular cannot be made use of for legal interpreation of provisions of law as it is clarificatory in nature. If any member of the trade has any doubts, he may refer the matter to this office for further clarification.

4. you ar erequested to bring the contents of this circular to the notice of the members of your association.