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Please help vat / cst

Mrinal (prop) (41 Points)

28 November 2013

i am totally new here.

pls help me after reading my situation

i took registration of VAT and CST for a startup business but unfortunately business did not started

so my question is do i have to surrender both registration or can i surrender only CST ( as i dont have any need for out of state sale purchase )

one more question .. as i know CST returns filed quaterly period so if there is no out of state sale purchase do i have to file that also and is it chargable ?? and do VAT filing period is monthly ?

and please tell me the process of filing returns of both ( VAT and CST )

PLEASE HELP ME I AM TOTALLY NEW AND UNAWARE OF ANY TAX AND FILING RULES.

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3 Replies

Jinesh Shah (freelancing, industry) (105 Points)
Replied 29 November 2013

Hi Mrinal,

Let me go step by step to answer your querries,

Firstly, get in mind that in the first year of operation VAT and CST return filing frequency is Quarterly. Then for the next year it is decided on the basis of tax paid in the first year of operation. To check your return filing frequency (if your dealer is registered with manavat) follow this link

https://mahavat.gov.in/Tin_Search/Tinsearch.jsp

Secondly, once the dealer is registered he has to compulsorily file returns, EVEN IF TURNOVER IS ZERO. So in your case, since the dealer has taken both VAT and CST no. you will have to file both returns.

And lastly, while surrendering a VAT and/or CST no. you will hvae to submitt your returns, and bank statements. So file the return once (even if NIL) and then go for cancellation.