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Terms to file cst return

Prachi (Article Assistent) (31 Points)

13 February 2013

What are the terms to file CST return??

Do we have to file CST return if there will no transaction of CST in that particular period??

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Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 13 February 2013

As per Circular no.52t of 2007

It is hereby clarified that

where there are no inter-State sales in any return period, no return is required to be filed under the Central Sales Tax Act, 1956 provided that the Maharashtra Value Added Tax Act, 2002 return for the same period shows NIL turnover of inter-State sales. This concession will be available to the dealer till he effects any sales in the course of inter- State Trade or commerce.

so file your return even there is no transaction or nil liability

i am here attaching the above said circular for your reference

Attached File : 831581 1133620 datewise vat 2007 052.pdf downloaded: 235 times

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Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 19 February 2013

CLICK HERE

VERY USEFUL LINK GO TO IT

(Guest)

IT IS BATTER TO FILE CST/GST RETURN TERIODICALLY FOR COMPLYING WITH THE PROVISIONS OF ACT EVEN THOUGH THERE IS NO TRANSACTION IN THAT PERIOD....

IN CASE OF INDIRECT TAX MATTER, WHEN ONCE YOU REGISTER UNDER CUSTOM, EXCISE, VAT/CST OR SERVICE TAX....... IT IS BATTER TO FILE RETURN REGULARLY EVEN THOUGH NO TRANSACTIONS CARRIED OUT.