Some issue regarding vat

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This query is : Resolved

SAJJAN KUMAR SINGH (Querist)

07 September 2011 Dear professionals

What should we do in the following cases
1 If the partnership firm having some business and made sales during the year but for the same the firm has not obtained registration certificate under VAT ACT, Also they have made sales by charging VAT, whether the same is need to deposit through Challan or else any plan to waive it,
2 The concern firm has made sales during the F/Y 2010-11 by more than Rs. 5 lakh but neither deposit the VAT nor filling any return, what will be consequences for the same and what should do for the same,
3 During the current year the firm has good sales but for the same neither deposit the VAT nor submitted any return, what will be consequence for the same,
4 What will be benefit when the firm has made interstate sale or purchase
5 Whether it will be possible to set off VAT liabilities with CST credit or vice versa, what should be the process for tax planning,
6 What will be consequences when the firm/company made local sales or purchases but not registered under VAT ACT, provided the sales is under the limit i.e. 5 lakh or less, what will be in case of vice versa,
7 What will be interest &/or penalty when the firm/company has not deposited the VAT or not filling the return,
8 What should make a plan for waiving the interest &/or penalty,
9 Suppose in case of firm which sales is under Rs. 5 lakh then they will not liable to deposit the tax or not under obligation to file the return, then nevertheless they will be covered under the provision of VAT Act.
10 Whether the firm shall be liable to deposit the VAT on all sales from since beginning or the sales covered after the limit.

Regards
sajjan kumar singh
icwa, ca(semi), b.com(h)