I am registered dealer under mvat since 2006. During current FY 2011-12 there was no taxable sale/purchase (only service charges) in my company. I have not submitted any qtrly or half yearly returns during this year. Do I need to submit NIL return for this period ( CST & VAT) even though there are no transactions. Will there be any penalty for not submitting half yearly returns ?
Similarly I am also registered under P.Tax but don't have any employees. Do I need to submit NIL return for P.Tax also ?
Ravi Modi
CAclubindia
