A registered taxable person is liable to file VAT returns in the respective states. The frequency of VAT returns filing varies across states. Further, depending on the category of the taxable person/turnover or tax liability incurred during the preceding year or expected during the current year, the VAT return filing could be monthly, quarterly, or half-yearly.

Failure to furnish timely VAT returns and settle outstanding VAT payments may result in penalty and interest. The provisions for the imposition of penalties and interest vary across states and depend upon the duration of delay and the amount of net tax involved.

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