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Vat cancellation procedure - west bengal

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Akshay

Consultant

22 Points Posted on 03 August 2012

Dear All,
I'm looking to cancel the VAT Registration of our firm in West Bengal, since we are not continuing business in the state and filing NIL returns is quite an expensive proposition given the paper work involved after e-return submission. Unfortunately the VAT/CST certificate originals are unavailable with me as the person in-charge of operations in the state had left the organisation and is incommunicado. In this situation where we have 0 turnover in the state (for the last 3 quarters) and have filed all our returns promptly, how best could we proceed with cancellation of our registration?

Best Regards,

Akshay

Replies (1)

MJ Krishnamurthy

ACCT(Retd)

5757 Points Posted on 04 August 2012

Mr Akshay,

The only method in most of the VAT laws for cancellation of a registration is file a letter to the concerned VAT office declaring your intention ,with reasons, to close the business and asking for cancellation of your RCs under VAT/CST Acts. You also have declare that you do not have any stock left and surender any statutory forms received from the department.For not surrendering the original RCs they may ask to file an affidavit assuring the department that you will compensate for loss that may arise if anybody misuses it etc.

MJK