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.
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