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Cancellation of registration under d vat

mohit pathak (Learner) (396 Points)

11 August 2011  


    I want to cancel my registration under DVat..

do I need to file Vat return up to date ie if I want to cancel my registration on 11/08/2011 whether I need t o file return up to that date or return of last qtr is enough.


 1 Replies

neeraj (student) (28 Points)
Replied 30 August 2011

You are required to apply for cancellation of your registration in Form DVAT-09 within 30 days of the occurrence of any of the following events:

You cease to carry on any activity which entitled you to be registered as a dealer under the DVAT Act; 

You are an incorporated body and you close down or otherwise cease to exist; 

Your firm or association of persons is dissolved; 

You cease to be liable to pay tax under the DVAT Act; or 

Owner of a proprietorship business dies, leaving no successor. 

If you are required to apply for cancellation of your DVAT registration, you will have to pay tax on the stock in hand on the date of de-registration, equal to the higher of the following amounts:

The tax that would be payable if the goods were sold at their fair market value; and 

The tax credits previously claimed in respect of those goods.

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