Return furnish

[SANJAY JAIN]

If turnover is nil & Person ragistered under dvat and cst act, is he is liable to furnish return in the first year.

 

AI Summary

Registered Individuals Must File 'NIL' Returns for VAT and CST Acts Even with No Turnover in First Year. A query was raised regarding the obligation to file tax returns under the VAT and CST Acts when there is no turnover in the first year for a registered individual. The response clarified that even with a nil turnover, the individual is still required to submit a 'NIL' return.