If Tax Payable is more than Rs. 1,00,000 in preceding F.Y., then the dealer is liable to pay the tax on monthly basis, it has to be deposited by 15th of next month, in other cases, the tax is to be paid before the last date of filing HVAT Return.
If there is any default in payment of tax, then the intt. shall be charged @1% per month if tax has been paid within 90 days of due date, otherwise @2% per month for whole period of default ( Interest is calculated on days basis).
Return under HVAT is to be filed quarterly by every dealer:
| Apr- June | Before end of July |
| Jul- Sep | Before end of October |
| Oct- Dec | Before end of January |
| Jan- Mar | Before end of April |
| Due date for filing of Annual Return is 30th of November. | |
Penalty for late filing of HVAT Return:
| Rs. 200/- per day(100 VAT+100 CST) | Upto a period of 10 days |
| Rs.400/- per day(200 VAT+200 CST) | Beyond 10 days |