Penalty under ap vat act

Querist : Anonymous (Querist) 03 November 2011 This query is : Open
respected sir
i have made underdeclaration of out put tax amounting to rs20000 for the month of april-2011.but there is no tax loss to the government as i have a carriforward of rs 45000 for the end of april -2011.
i like to know that , whether the above case of under declaration is liable for penalty or not .my contension is that although there is under declaration of out put , there is no tax loss to the govt. so penalty is not levieble.some one may please clarify
thanking you

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