The VAT & CST under DVAT has to be paid monthly for which the last date is 21st of the next month. The DVAT return needs to be filed quarterly. The last date for filing of DVAT Return is the 25th of next month.
Penalty for late filing of DVAT return –
If there is any default in filing of DVAT Return, there is a penalty of Rs. 200 per day or Rs.50,000, whichever is lower. If the dealer is also registered under CST Act, then the penalty will be Rs. 200 per day or Rs.50,000 whichever is lower. –
If there is any default in payment of VAT, then the penallty is (1% of tax payable or Rs.100) per week , whichever is greater and the interest for the same will be charged @ 15% from the due date to the date of payment, calculated on day’s basis.
To know more about the consequences of default in filing dvat return, please click here