Registration of kvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2012
I have reistered with KVAT in the month of June but received the certificate now and all this time I haven't filed NIL VAT return. what should be done now? whether I've to file Return from the month of July or should I just file it for the month of December. And is there any fine penalty or something like that. help me out its kind of urgent.
Thank You.
Thank You.
MJ Krishnamurthy
(Expert)
06 January 2012
Mr Author,
After registering in June'11 you should have started filing returns every month without waiting for the certificate. However,if there was no business done and no tax liability,then file all the back returns till Dec'11 on lne.The website will accept it.It is necessary to have all the returns filed on line after the registration,otherwise the ccoputerised system will create problems in future.
No penalty is required to be paid for nil returns on line.
MJK
After registering in June'11 you should have started filing returns every month without waiting for the certificate. However,if there was no business done and no tax liability,then file all the back returns till Dec'11 on lne.The website will accept it.It is necessary to have all the returns filed on line after the registration,otherwise the ccoputerised system will create problems in future.
No penalty is required to be paid for nil returns on line.
MJK
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