Hi friends,
A person has registered under MVAT 4 years back and he did only one transaction of Rs. 1,50,000/- in first year and after that he did not do any business till date because of some reason. He did not file any return in last 4 years. Now he wants to continue this business on regular basis. But now he want to change the address of his business from mumbai to thane.
Whether he will have to pay penalty if he files returns of all years now? How much penalty?
Can Nil return be filed for last 3 years now?
What is the procedure of change in address under VAT and PTEC?
Or he should seek new registration for same business? and if so, when the deposit will be refunded to him?
CAclubindia
