Shall "NIL"vat return need to be filled when no transaction pertaining to vat has been made during the year. If possible support your answer with notification , circular or section.
Thanks in advance.
4 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 26 December 2009
Ofcoarse man, for regular disclosure purpose and continuity..., a nil return too has to be filled...
V RAGHAVENDRA
(C.A. Final Student)
(62 Points)
Replied 26 December 2009
Yes... Even , if there are no transactions , NIL VAT return is to be filed.
But, it is to be noted that , if u make a delay in filing the NIL return , there is NO PENALTY ....
So , for regular disclosure , filing of return is a must !!
Rajan Pasrija
(ACCOUNTANT)
(53 Points)
Replied 27 December 2009
I M TOTALLY AGREE WITH BOTH OF THEM
iF there is no Transactions, you have to file Nil Vat Return regular disclosure.
Recent Topics
- Security services RCM Body Corporate
- GST and income tax for freelancers
- Association of Persons (AOP) agreement format requ
- I passed CA inter Group2 under the wrong gender
- Additional place of business to change as main pla
- Section 142[1] of IT Act notice
- Document for address proof for change of address i
- Investment after maturity can convert as capital
- GST basics for a freelancer
- UNSECURED NCD BY NBFC
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
