Karnataka vat-

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Nageswara

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20 Points Posted on 04 December 2014

One of mu customer is taken the vat and cot but he is not doing busines in cot from april 2014 onwards before he is paid every month Rs.10000 for cot. some few days back i am consulting the vat officer to close the cot but he is not agreed to close. because from april 2014 on wards to tilldate he is asking liability of fees per month rs.10000and penalty. i am explained the business is not running from april onwards but he not agreed. how to i am go for next step and he is not activated monthly returns and cst activation. please tell me anybody for other next proceedings.

Replies (3)

rama krishna maddi

Sr. Manager

20 Points Posted on 11 December 2014

Whether you have filed the CST monthly return or not. If you have filed the return with no sales he has no authority to ask for the cst. If you have filed a nil return till date, you can submit a letter for closure of the CST registration alongwith the closure form and get the acknowledgement. If they want to raise any demand, they have to give in writing based on the demand you need to answer and get the closure of CST registration.

SANTHOSH. ASHOK

Auditor & Tax Consultant

20 Points Posted on 13 December 2014

When registration is obtaining both under VAT & COT you required file two different namely VAT-100(for VAT) & VAT 120 ( for COT) in Case if the officer is asking you pay Penalty for the purposes of not filing such return then in such case your required to pay the same & file the return , then approve the department for closure of registration under COT. Hope VAT Officer may agree to same if can provide necessary document for closure or In cases if does not agree ask him activate the Monthly Return and start filing NIL return.