Vat registration pre-visit

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This query is : Resolved

SACHIN (Querist)

12 August 2012 We have filed for VAT registration for with the VAT office in Mazgaon, Mumbai, as the company will be trading in computer hardware and electronic parts; all the formalities have been completed along with the visit to the VAT office and signatures of the proprietor, however the VAT no is not issued and have been told that there will be a pre-visit from the officer before allotment of the number.

1. How long does is it usually take for the pre-visit?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

13 August 2012 Mr Sachin,
Yes,the registering authority may like to verify the particulars filled in the applicant. But there should not be undue delay. Generally, after a month you can treat it as registration is complete as per rules.You may approach the same office again and get the number(TIN)and the RC.
MJK

Naresh Dharia F.C.A.

Naresh Dharia F.C.A. (Expert)

14 August 2012 AT first have a check with the Assessing officer at the Registration Authority...Whether any issue of reregistration or Open case liability ?

Ususally, once the documents are filed & accepted by the Regn Authority, then theydo not postpon the issue of VAT. There & that on the same day, then allot u the VAT TIN so as to pay the tax hence forth..

Kindly check at the Mazgaon Office once again...

Ok

SACHIN

SACHIN (Querist)

15 August 2012 Thanks for the confirmation.

My other query is for a dealer with voluntary registration whre he does not have a taxable turnover, is he required to file VAT return even if no turnover?, if yes what is the periodicity / frequency of filing as per VAT?

Naresh Dharia F.C.A.

Naresh Dharia F.C.A. (Expert)

15 August 2012 kindly chk the periodicity by login name of the assessee...u will get the answer..ok

SACHIN

SACHIN (Querist)

15 August 2012 I know that by logging in we can get the periodicity,but in the first year of registration is he liable to file return with no taxable turnover? and how frequently in he first year?

Naresh Dharia F.C.A.

Naresh Dharia F.C.A. (Expert)

16 August 2012 Usuually for new regustration...Quarterly but in ur case of No turnover...it may be six monthly...

Prakash Kochar

Prakash Kochar (Expert)

18 August 2012 Every registered dealer is under obligation to file return as per periodicity even if the turnover is NIL.
In Maharashtra a regd.dealer has to file quarterly return during 1st year in which registration is obtained.{Rule 17(4)(d)}

SACHIN

SACHIN (Querist)

20 August 2012 Thanks for the replies.

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