I would like to know whether do we have to show/give any security for registering a partnership firm(a new trading company) to register for VAT & CST with Karnataka Government? If so what could be the amount and what are the other documents required to provide for VAT/CST registration.
16 October 2011
Sec 26 of KVAT, The prescribed authority MAY, for the proper payment of tax, from time to time demand from a registered dealer or from a dealer who has applied for registration under this act, reasonable security not exceeding a prescribed amount to be paid in the prescribed manner.
CAclubindia
