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India steps-up VAT compliance with more fines

  • VAT
  • 06 October 2013 | Richard Asquith

India steps-up VAT compliance with more fines

Following a recent increase in the number of Indian VAT audits, a new range of fines has been introduced to help improve the weak compliance record of many firms.

New Indian VAT registrations and returns penalties

From 12 September, Delhi will introduce increased fine regime, including:

Late Indian VAT registrations will attract a daily fine of 500 rupees

A fine of 500 rupees for every day a VAT registration is not correctly kept up-to-date or reflects a businesses’ changed status

Late Indian VAT returns will suffer a daily fine of 500 rupees per day

There will be a forgiveness amnesty for companies which voluntarily come forward to declare any overdue compliance obligations.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.