Had taken VAT CST number for a proprietary firm (Voluntarily) by paying 25k + 5k to Mumbai Sales Tax Department. Business did not pick up for financial constraints and due to non-payment of taxes. Tax authority canceled (backdated cancellation) the number.However, there was one trade transaction amounting Rs.50,000/-.
Can the number be reinstated? Without heavy penalty? Kindly Advice.
17 January 2017
If it was cancelled recently then file an application for cancellation of the cancellation order or file an appeal. If it has happened long back reapply for RC