Hi All,
I have just taken a Pvt Ltd name from some1, excise number in this company was taken in 2014 but due to no business activity till now the earlier onwer had not file even nil return of central excise..
my question is if I start using this number for my trading business purpose, will there be any chance of penalty for not filing nil return for last 3 years??? if yes what will be the amount ??