Dear All,
I am new to VAT and such, However willing to learn, in my case i am looking for serious advice from all you experts out here, please find few of my queries with regards to my VAT registration for Maharashtra.
1. VAT registration was done in Maharashtra around Nov 11th 2010.
2. Bussiness carried out was for around 2 Lakh INR with a total of 50,000 INR as profit in the last three months that is till jan 2011.
3. I have got a internship and am flying out of Country and wont be here in India anymore, what is your recommendation on what i should do with this VAT registration? do i need to file returns? do i need to cancell it? or can i keep the VAT registration active and just go? and continue using it when i return after 5 years?
Finally, i also need to get my co. name modified, as the name has a spelling error, please do advice on these points and i shall be highly thankfull to all of you friends here.
Kind Regards,
James
CAclubindia
