20 December 2012
PL LET ME KNOW WHETHER FILING OF cst RETURNS MANDATORY IF THERE IS NO OMS SALES FOR THE RELEVANT PERIOD FOR WHICH VAT RETURNS ARE REQUIRED TO FILE AS SUCH WHETHER CIRCULAR NO 52T OF 2007 STILL HOLD GOOD?
20 December 2012
Cir.No. 52T of 2007 It is now clarified that the circular No. 15 of 1981 holds good till today. It is hereby clarified that where there are no inter-State sales in any return period, no return is required to be filed under the Central Sales Tax Act, 1956 provided that the Maharashtra Value Added Tax Act, 2002 return for the same period shows NIL turnover of inter-State sales. This concession will be available to the dealer till he effects any sales in the course of inter- State Trade or commerce.
CAclubindia
