Terms to file cst return

Others 742 views 3 replies

Prachi

Article Assistent

31 Points Joined November 2012

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??

Replies (3)

Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

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

Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

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.