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Mvat nil return

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Aashish Agarwal (Querist)

15 January 2016 Respected Subject Matter Expert(s),

I am a new Maharashtra VAT (MVAT) dealer and about to file my first “nil” return myself. My business has not yet started and hence, there are zero sales (for both within & inter-state). I will surely be employing a CA once my business operations commence.

Questions:
1. Do I have to file both Form 231 & Form III-E? (Also, hold CST registration)
2. I have paid Rs. 25,000/- deposit during registration to be set off against future sales. Do we need to indicate this amount in this return somewhere, like in amount already paid or other field for the same?

Thanks & Regards,
Aashish Agarwal.

CA Komal Puri

CA Komal Puri (Expert)

16 January 2016 Hi,
1. You will have to file both Form 231 & Form IIIE irrespective of the turnover. As the turnover is nil you will have to file a nil return.
2. The amount of Rs.25000 is the deposit which is not required to be shown anywhere.

Thanks & Regards,
CA Komal Puri

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