What are the consequences of not filling ap vat nil returns

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Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2013 We have taken a vat registration in Andhra pradesh and have not filied the monthly nil returns.i want to use the same TIN for some other principal activity.can i do so?will there be penalty for non filing of VAT returns and what is the amount of penalty if any?

RENGARAJ R.K

RENGARAJ R.K (Expert)
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31 July 2013 Under AP VAT Act, Sec 50. (1) Any VAT dealer, who fails to file a return where no tax is due, by the end of the month in which it was due, shall be liable to pay a penalty of Rs.2,500/-(Rupees two thousand five hundred only).
(2) Any dealer registered under sub-section (7) of Section 17 who fails to file a return where no tax is due shall be liable to pay a penalty of Rs.500/-. (Rupees five hundred only).