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Hari Haran K

VAT

I have started an Import & Export business firm at Hyderbad during 2014. But, unfortunately there was no business transaction till date. I had submitted Nil report in VAT & CST. If I submit Nil report continuously , will the VAT registration be cancelled? more  

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ANIL NAHATA
AGREE WITH THE ADVICE OF MR SANJEEV more  
Sanjeev Goel
If you are filing NIL returns continuously without any reason explained to the assessing authorities then the assessing authority may cancel your registration after giving you an opportunity of being heard as why not the registration be cancelled as there is no business since long. Once if the assessing authority is not satisfied with your explanation then your registration will be cancelled and if you do not require the same you may apply for cancellation of your registration yourself. Whenever you again start any business then only you may apply afresh and get yourself registered again with the department. more  
Hari Haran K (Business Import&Exports)
Thank you everyone for valuable information . Okay, if the VAT registration is cancelled, when can I apply for new VAT registration? Any time limit? more  
Sanjeev Goel
Mr Ashok Nair I have given a detailed reply on your query in your post regarding VAT and CST registration in case of Import Export business. Please go through that reply. more  
RANVEER SINGH
VAT registration may be cancelled, but authorities will hear you before coancellation. more  
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