Business shifting under vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2012 Dear All,

I Had a Soft drink agency business but
8 months ago I shifted my business to Cigar-ate agency. I submitted the photocopy of old vat registration along with formal letter to authority for changing the nature of item. But still now I have not getting no response from authority, but I continued my new business from last 8 months & submitted my vat return usually.

Am I getting any penalty in near future??

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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18 March 2012 Mr Author,
Goods dealt by you can always be changed within the same registration.But it should be informed to the registering authority,as later on some problems may arise while issuing statutory forms.Your information with an acknowledgement is enough.No penalty is leviable...MJK