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Ammendment of registration from cot to vat under kvat

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Suresh Reddy

C A

23 Points Posted on 17 October 2012

HI,

MY CLIENT IS A WORKS CONTRACTOR AND HE GOT REGISTERED IN AUGUST IN BANGALORE UNDER COT(COMPOSITION SCHEME) NOW HE WANTS TO CHANGE HIS REGISTRATION FROM COT TO VAT. AND NOT EXECUTED ANY WORK SO FOR THE TURNOVER IS NIL. WHEN I VISITED THE CONCERENED VAT OFFICE THEY SAID THAT WITHIN 12 MONTHS FROM THE DATE OF REGISTRATION THEY CANT CHANGE FOR COT TO VAT ITSEEMS IS IT TRUE. IF NOT CAN U TELL ME UNDER WHAT SECTION CAN WE CHANGE FROM COT TO VAT..

Replies (3)

MJ Krishnamurthy

ACCT(Retd)

5757 Points Posted on 17 October 2012

Mr Suresh Reddy,

The information you got from your office is correct. There is no other option or alternative.......MJK

Suresh Reddy

C A

23 Points Posted on 18 October 2012

ok sir den can we surrender cot registration and can we take new vat registration for the same company...??

MJ Krishnamurthy

ACCT(Retd)

5757 Points Posted on 18 October 2012

Mr S Reddy,

As you have not done any business so far that idea can be done.First apply for cancellation of RC under COT on no business grounds. Then under a different name(wife,son etc) or same name apply again under VAT scheme for registration. Some changes in Bank a/c and other documents are required.....MJK