Do registered person need to file Sales Tax Return for a period in which they had no business activity?

Yes, a tax return must be filed for each reporting period even though no taxable activity is performed in that tax period is due. The registered person would be required to file “Nil” return for such tax period.

What would be the penalty in case the required amount of sales tax payable is not deposited in the manner or time as prescribed under Sales Tax Act, 1990?

Such a registered person would be liable to pay a penalty of ten thousand or five percent of the amount of tax involved (whichever is higher). If the amount of tax is paid within ten days from the due date, the registered person would be liable to pay a penalty of five hundred rupees for each day of default.

What could be the possible repercussion in case where a business fails to furnish its sales tax return?

Where a business fails to furnish a return within the due date then such would be required to pay the penalty as determined by the law and the further non-compliance could result in the suspension and blacklisting of the business.

What would be the penalty in case where a registered person fails to furnish its sales tax return within the due date?

The registered person would be liable to pay a penalty of ten thousand rupees. However, the penalty of two hundred rupees would be paid if the person has filed the return within ten days of the due date.

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