[aaykarbhavan] MVAT RETURN LATE FEE

Learned members,

Under MVAT if a return is not filed in time, late fee of rs.5000 is payable.
I would like to know is the late is payable in a case where there are no business activity during the year and one NIL return has been not filed in time?

Is there any way by which this late fee can be saved and return can be filed without paying late fee?
can we make petition to Comm. or prefer appeal?

Valuable opinions solicited from learned members.

Thank you.

moiz




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