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What are the consequences of not filling ap vat nil returns

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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?

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).


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