Hello,
I have just founded a proprietorship firm in January. I applied for the VAT registration on 09-Dec-2009 and recieved my VAT registration certificate only on 01-Jan-2010. My questions are the following:
1) So far my turnover is zero and I would like to file a VAT return with Zero. Please advice if same Form 100 with all relevant fields filled with 0s should be filed?
2) I have purchased some goods from out-of-state and the goods have not sold. Should i declare/furnish details of this purchase in Form VAT 100 that I will file in January?
Any help in this regard will be appreciated.
Regards
Nagendra R Setty
CAclubindia
