9911796707
TMI BlogNil Return not FileX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi All, I have just taken a Pvt Ltd name from some1, vat Cst number in this company was taken in 2014 but due to no business activity till now the earlier onwer had not file even nil return of Vat cst.. my question is if I start using this number for my trading business purpose, will there be any chance of penalty for not filing nil return for last 3 years??? if yes what will be the amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ?? - Reply By Ganeshan Kalyani - The Reply = VAT is a State subject . the rule is different in different states. in most of the states the rule states that even if there is no transaction nil return is supposed to be filed . the normal penalty if there is no transaction and no return is filed is 5 thousand . but still you need to refer to particular state where you are going take over the busi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nes. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Which State? - Reply By Jubin Desai - The Reply = Maharashtra - Reply By Ganeshan Kalyani - The Reply = Penalty of ₹ 5000/- per return is applicable for not filing the retun. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Shri Desai, whether you have got cleared on the explanation of Shri Ganeshan - Reply By Jubin Desai - The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply = is there possibility to pay the penalty in one show cause notice only 20k as a total penalty ? - Reply By Ganeshan Kalyani - The Reply = If there is no business then you may appeal to the assessing authority to drop the penalty demand . - Reply By Jubin Desai - The Reply = yes there was no activity done from the date of taking the number till date - Reply By KASTURI SETHI - The Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply = In Central Excise, it is monthly return. Last date 10 th of the following. Annual Return is also to be filed. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = The filing of Annual Return in respect of Central Excise is dispensed with for this financial year. - Reply By KASTURI SETHI - The Reply = Sir, I remained out of touch for three months. Pl. let me know notification no. or circul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar no. whereby submission of Annual Return has been dispensed with for this year. Thanks a lot. - Nil Return not File - Query Started By: - Jubin Desai Dated:- 11-12-2016 Value Added Tax - VAT-CST - Got 11 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
