Cst issue please help

This query is : Resolved

Guest

Guest (Querist)

10 May 2013 Dear Sir,

One of our client has CST & vat no. but has no OMS(Inter state sale) so he has not filed cst returns for 2012-13.So will it attract penalty for not filing cst returns? till date he has not received any notice from salestax for previous yrs even though he had not filed cst returns in those previous yrs.

So what should be the proper course of action.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

11 May 2013 In many states like Karnataka VAT returns include information on interste purchases and sales. If your dealer has declared nil CST turnover in those returns,then a separate CST return is not required.Check up with your state return forms. Even otherwise, do not bother about the nil CST returns of past periods. Hereafter,maintain regular filing of returns,even if it is nil.....mjk

Message likes : 1 times

Guest

Guest (Querist)

12 May 2013 Thank you sir.Now i feel relaxed as i thought this not filing would attract penalty.Now i'll be able to resolve this issue.

Upgrade to CAclubindia Pro. Subscribe Now!