Hello All, I have registered for VAT CST last year in the month of August. I have not made fair business and wanted to cancel the reg. Now I came to know that I had to pay quarterly return and my lawyer never told me about this. So it becomes about 7K with late fine. Trust me I have not even made a profit of 1000 bucks. Anyway If i need to cancel it I have to pay the debts. So will I get the security deposit of 25000 back if I pay the fine and apply for cancellation? Please help..
7 Replies
Studentsca
(CA Practice )
(3577 Points)
Replied 07 March 2017
Cancelling a Vat number is a complicated procedure. You will get the refund of the security deposit on successful cancellation of the vat number.
Ananya Ghosh
(Engineer)
(25 Points)
Replied 07 March 2017
Thank you for your reply. Can you tell me if I can apply for cacellation now? I have not even completed 12 months after registration.
Studentsca
(CA Practice )
(3577 Points)
Replied 07 March 2017
Penalty would be levied for non filing of periodical returns. It could be condoned though as you haven't done any business and there is no vat payable.
manoj
(student)
(5205 Points)
Replied 07 March 2017
PLEASE TELL IN WHICH STATE YOU WANT TO CANCEL VAT
naina
(ca final student)
(36 Points)
Replied 08 March 2017
Hi, I have made amendment for change in address of VAT Registraion Karnataka of a firm 15 days back.
Now I want to cancel this amendment.
How to proceed? Plz help
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