30 May 2011
our client has imported certain goods during the month of Jan to March on which he has paid BCD, CVD of and addl duty of excise. Our client is a dealer. However he has not made any sales guring the quarter. my question is that, as he has not made any sales does he have to file a "NIL" quarterly return, or the return has to contain details of duty paid on imported goods?
30 May 2011
Under MVAT (Maharashtra Value Added Tax Act),the dealer has to file his periodic returns, though he has not affected any sales during any period. The CVD BCD paid will form the cost of Purchase.He has to mention it in the returns.
CAclubindia
