cst act

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eshwar

eshwar (Querist)
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26 November 2010 whether it is compulsory to file cst return when cst liability is nil????

CMA Chandan Singh

CMA Chandan Singh (Expert)
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26 November 2010 In the Trade Circular No 52T of 2007 dated 31-7-2007, it had been clarified that where there are no inter state sales in any return period, no return is required to be filed under the CST Act, 1956, provided the return filed under the MVAT Act, 2002 for the same period shows NIL turnover of inter state sales.

To remove the doubts, if any, it is further clarified that this exemption from filing of the CST return is applicable to the CST e returns also, in the situation described above.

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eshwar

eshwar (Querist)
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27 November 2010 THANK YOU!!!!!!!!!!!
I DID NOT FIND ANY FURTHER CLARIFICATION ON IT BUT IF YOU OR NAY ONE ELSE FIND IT PLEASE REPLY

S. Karthi

S. Karthi (Expert)
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01 December 2010 Yes, you should provide nil (zero balance) CST return (annual return) form for the year. if you have cst no., otherwise no need.

eshwar

eshwar (Querist)
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01 December 2010 i m a registered dealer under cst act but do not have any cst transaction should i file a return?
if yes then should i file six monthly return as i need to file six monthly vat return?
i have recevied a demand notice for penalty for not filing cst return for the period 01/10/2009 to 31/3/2010(i.e. six monthly return)?
what reply i should give to STO?

S. Karthi

S. Karthi (Expert)
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02 December 2010 Yes, you must submit CST return to CTO, in your case you don't have any cst & branch transaction during the period. so, you can submit Annual CST return (ie., 01/10/2009 to 31/3/2010).

eshwar

eshwar (Querist)
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02 December 2010 i have recevied a demand notice for penalty OF rS.5000/- for not filing cst return for the period 01/10/2009 to 31/3/2010(i.e. six monthly return)?
what reply i should give to STO?
I WILL HAVE TO FILE ANNUAL RETURN(i.e 1/4/2009 to 31/3/2010) correct??

S. Karthi

S. Karthi (Expert)
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02 December 2010 Actually this penalty amount is drop from Rs.10000 to 5000. So, Penalty of Rs.5000 is imposable for non-filing of return, which is to be filed under one-by-six scheme. In other cases, the penalty for late filing is Rs.5,000. Interest is also chargeable for non-filing or late filing. This penalty will also be non-appeal able. This penalty will be in addition to any other penalty which may be imposed under the Act.

eshwar

eshwar (Querist)
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03 December 2010 what reply i should give to STO?
I WILL HAVE TO FILE ANNUAL RETURN(i.e 1/4/2009 to 31/3/2010) correct?

S. Karthi

S. Karthi (Expert)
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03 December 2010 Yes, and you should pay the penalty, along with reply of notice to sto.

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