29 May 2015
Some years back cz of non filimg of returns mvat was cancelled. Can now after long span of time around 7 years, can new vat no. On same pan be applied to mvat and if it is possible then is there any legal proceeding or re opening of previous vat which was cancelled? Pls help me out
29 May 2015
ONLY ONE TIN NO IS GIVEN ON ONE PAN NUMBER.IF YOU HAVE FILED THE NIL VAT RETURN AND HAVE PAID PROFESSIONAL TAX REGULARLY THEN YOU CAN GET YOU OLD VAT TIN NUMBER & CONTINUED IT FOR FURTHER.IF YOU HAVE NOT FILED THE VAT RETURNS PROPERLY THEN YOU HAVE TO PAID THE PENALTY FOR NON FILLING OF VAT RETURNS IN GIVEN DUE DATES.THE PENALTY FOR SUCH RETURN IS REDUCED FROM 5000/- PER RETURN TO 1000/- .I AM NOT SURE THAT THE SUCH EXAMPTION FOR PENALTY FOR 5000 TO 1000 IS OPENED OR DUE DATE FOR SUCH IS CLOSED.....AFTER FILLING ALL VAT RETURNS THEN ONLY YOU CAN CANCELLED THE VAT NUMBER THIS WILL BE THE PROPER WAY TO CANCEL THE TIN NUMBER.IF YOU ARE NOT ABLE TO PAY SUCH PENALTY U CAN CANCEL FILED LAST RETURN FOR CURRENT PERIOD CANCEL YOU SHOP ACT & GIVE APPLICATION IN FORM NO 103 TO CANCEL SUCH VAT TIN .AFTER GIVING APPLICATION WITH IN 8 DAYS THE SUCH TIN NO WILL CANCEL & U CAN FIND SUCH STATUS ON MVAT.GOV.IN-NO YOU TIN
29 May 2015
Thank you for ur reply Sir. But what if depts website in know your tin is showing vat number cancelled. Does it mean that for vat purpose i have to apply again and my old tin is no more mine. Can now i register vat again without any proceedings of previous tin no.
CAclubindia
