Doubt regarding VAT
This query is : Resolved
15 February 2011
Mr. X wants to sell some computers to a school. But the school authority says they will not purchase the computer from Mr. X as he does not charge VAT on the Sales. Actually Mr. X has not obtained VAT Tin No. The turnover of Mr. X is around Rs.1 Lac. What can you suggest for Mr. X? Should he register under VAT?
16 February 2011
Devendra,
Though the TO is within the requirement for not registration under VAT (9 Lacs need - 10 Lacs register).
As a best practice Mr.X can register under VAT as many of the buyers are prefer registered dealers, further cost of registration is minimal.
Though the TO is within the requirement for not registration under VAT (9 Lacs need - 10 Lacs register).
As a best practice Mr.X can register under VAT as many of the buyers are prefer registered dealers, further cost of registration is minimal.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- RCM - commercial rent paid to URP under GST
- GST Annual Returns filing due date
- Offsetting interest income against derivative trading losses
- Whether still royalty
- Gst Sales of FY 2023-24
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
