Hi,
Our advocate helped us obtain a VAT registration in Mar2006.
Due to some misunderstanding between our advocate and us, we ended up not filing VAT returns ever since inception.
Sales and purchases have been nil since inception.
We have two options to go about...
1. Surrender the VAT registration.
2. Start filing returns until we decide about its future.
Could anyone please advise on the above, directing us to the procedure and the penalties involved.
Thank you so much for your time and help
CAclubindia
