14 July 2010
BUSINESS: RETAILER IN FERTILISERS AND PESTICIDES PURCHASE BILLS STARTS FROM 26/05/2010 AND FIRST 5 LAKHS PURCHASES CROSSED AS ON 08/06/2010, BUT ACTUAL COMMENCEMENT OF BUSINESS AND SALES ARE FROM 23/06/2010 UNDER SHOP ESTABLISHMENT ACT, AND ALL THE PURCHASES UPTO 23/06/2010 ARE OPENING STOCK SALES STARTS FROM 23/06/2010 AND FIRST 5 LAKHS SALES CROSSED AS ON 08/07/2010 PLEASE TELL ME WHETHER I CONSIDERED FIRST PURCHASES OR SALES TURNOVER FOR BECOMING REGISTERED DEALER UNDER MAHARASHTRA VAT PLEASE REPLY URGENT
15 July 2010
Pls refer to Sec 3(2)(2)(3) & (4) of MVAT Act. WEF 20-06-2006 it is only the TO of Sales that are considered for determination of liability.
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