CST RETURN FORM - 1 FILING IS MANDATORY
FOR THE DEALERS REGISTERED UNDER CST ACT 1956.
The dealers registered under the Tamil
Nadu Value Added Tax Act, 2006 are filing Form I Returns under Tamil Nadu Value
Added Tax Act, 2006 each month. If there
are no transactions under the Tamil Nadu Value Added Tax Act, 2006 i.e. if
there are no purchases or no sales the dealers were filing “NIL” Returns under
Tamil Nadu Value Added Tax Act, 2006.
The dealers are filing CST Form 1
returns under the Central Sales Tax Act, 1956, only if they are paying tax
under Central Sales Tax Act, 1956 and also filing “NIL” returns if there are no
Central Sales Tax Transactions so far.
Filing of returns under the Central
Sales Tax Act, 1956 is mandatory as per the instructions issued in New FAQ –
2.9.2016.
According
to the instructions issued in the New FAQ – 2.9.2016, the dealer registered
under the CST Act, even though there is no transaction, ’Nil’ return should be
filed.
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