Regarding tot

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 I have started my consultancy indira technologies, my primary area of service is computer troubleshooting, networking and antivirus sale.
I applied for VAT registration and since the past few months i have been submitting zero returns online, my business volume is very low, should i continue with my VAT registration or cancel it.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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05 May 2012 Dont cancel the VAT Registration. Because next time you need it, again same procedure shall be required to be followed. Better, you keep on filing nil returns. Your business will grow sometime. So dont cancel it.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 Thank you sir, but can you tell me what is TOT, and what kind of minimum business volume is required to pay this tax.

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