West bengal civil contractor vat assessment 01.04.2014 to 15
santosh
(Querist) 04 October 2016
This query is : Resolved
on behalf of one of My Client I attend the vat assessment for 01.04.2014-2015. He is a civil contractor. He is registeredd in WB Vat Act. He has no any contractual income. The Transaction is Nil. Only Starting June' & Sep'14 Nil Return has been submitted.In Income Tax File he shown Business Income Head Genaral order supply of sand, Bricks & Stone Rs. 85200/- and Gross Sale is 430300. His June & September Qtr. of 2014 is submitted as nil Return., He has a Bank current A/c in the Firm name but not shown in Income tax File. In Current A/c Rs. 70000/- Deposited for small Contract Job for which no TDS & STDS is Deducted. The Current A/c is not shown in Balance sheet of F.Y.-2014-15.In Balance Sheet Under Bussiness Income Head General order Supply Income & Truck Plying Income Rs. 188900/- shown and Gross Receipts from Truck plying Income is shown Rs. 1111200/- & exps. there on 922300/-. I submitted Balance Sheet & I.T. Return to Sales Tax Officer. He says that He will impose penalty on Gross sale of General order Supply & Truck Plying Income. A Huge amount of tax he will calculate. Now I am in Great Tention. Please any body say how i will stop the s t officer to impose tax? I am waiting of reply of any consultant. My Email ID-santoshsharmas65@gmail.com
adv.bharat @ PUNE
(Expert) 06 October 2016
Santosh Officer is just trying to threat you. As per law he can do so since you were not aware about law provision for IT act.
If u appreciate my answer up to your mark then will u give THANK on my profile for it.
Rajendra K Goyal
(Expert) 06 October 2016
All documents need to be referred. You should go for appeal if such orders are passed.
You can raise your query in CA club of India.
santosh
(Querist) 06 October 2016
Thanks for answer but please say the process how i can save my client on imposing Tax & Penalty.As the Tax will be higher than the appeal charges will be higher whis my client is unable to bear it.
Rajendra K Goyal
(Expert) 06 October 2016
Discuss with some senior lawyer after showing all related documents.
cherukuri prasad
(Expert) 07 October 2016
Don't budge to the threats of corrupt tax officials. Just ask him to pass a reasoned order. And contest that.
