05 March 2012
1) As per MVAT Act(Maharashtra VAT), if a Dealer has obtained Voluntary Registration, is it compulsory to file returns even if the turnover is NIL?
Also, is he liable to recover/charge MVAT from his clients even if his turnover is less than the prescribed limit for registration(but has obtained voluntary Registration)?
2) What if the Dealer is also registered under CST Act? Is filing of CST Returns compulsory even if there are no inter state transactions during the period?
Guest
Guest
(Expert)
05 March 2012
Filing of MVAT return is compulsory for every registered dealer. Also it is mandatory for registered dealer to charge VAT even if turnover is less than prescribed limit. Same is the case with CST.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 March 2012
Thanks for the reply!
If a dealer doesn't have any interstate transactions and has mentioned the same in the corresponding column in MVAT Return, does he still have to file the CST Return??
CAclubindia
