A public ltd company sold Tender forms and collected vat on such sales without getting registered under the act. It sold tender forms for about 5 months i.e. from July 2009-Dec 2009 and collected vat on them. After dec 2009, it dednt sell any forms. They didnt remit the vat so collected and also didnt file monthly returns too. During feb 2010, it got registered under the act and now it wants to file the return as well as pay the taxes that were collected till dec 2009. Wat form should the company file and wat are the consequences the company might face?
1 Replies
Jagan Mohan Rao, Nerella
(Retired DCTO)
(49 Points)
Replied 02 May 2010
They have to pay all taxes before getting registration under VAT with penalty with consulting the concerned Authority.
Recent Topics
- REGARDING GSTR-9 F.Y 2023-24
- Hs news agency from desh to an
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
