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Shall "NIL"vat return need to be filled when no transaction pertaining to vat has been made during the year. If possible support your answer with notification , circular or section.

Thanks in advance.

Replies (4)

ya...if there is no vat liability or no transaction occur during the period...in such case also Return has to be filled

Ofcoarse man, for regular disclosure purpose and continuity..., a nil return too has to be filled...

 Yes...  Even , if there are no transactions , NIL VAT return is to be filed.

 

But, it is to be noted that , if u make a delay in filing the NIL return , there is  NO PENALTY ....

So , for regular disclosure , filing of return is a must !!

I M TOTALLY AGREE WITH BOTH OF THEM

iF there is no Transactions, you have to file Nil Vat Return regular disclosure.


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