Regarding Delay of Vat Returns
This query is : Resolved
06 January 2010
Hi,
My querry is as follows:
I hv come across a client who had registered himself under Mvat in F.Y 2006-07. But he commenced his business from current year i.e 2009-10. Is he liable for filing returns? Whether yes or no, pls forward the explanation supporting section no. for the same.
Thanx
My querry is as follows:
I hv come across a client who had registered himself under Mvat in F.Y 2006-07. But he commenced his business from current year i.e 2009-10. Is he liable for filing returns? Whether yes or no, pls forward the explanation supporting section no. for the same.
Thanx
CA Tilak Raj Sharma
(Expert)
06 January 2010
Yes, he needs to submit nil return for the previous periods.
CA Deepak P. Agrawal
(Expert)
07 January 2010
I agree with CA. Tilak Raj
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