Zero tax liability as liquor dealer: Any penalty or compounding fee?
As a liquor dealer with zero tax liability, what penalty or compounding fee can be imposed if I have retail sales of liquor that are exempt from MVAT?
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Advocate By LEAD INDIA
Answered: 31 Mar 2025
If your liquor sales are MVAT-exempt with zero tax liability, maintain proper records. Consult a tax advisor to confirm if any penalties apply under applicable laws, as tax rules may vary by state. For further legal assistance contact us on our helpline number.
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