Accounting

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Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2009 I am an accountant.I want to ask about sales tax registration applicability?limit of sales or purchase which attract VAT?This affect the Income Tax return?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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04 December 2009 Sales tax registration Process is same in all the states. if your T.O cross 5 lacs you have to be registered under VAT. or Tax payes more than 10,000.it applicable.
time limit with in 1 month you have cross above limit
yes it relates to IT bcs its all about Purchase,sales,Stock & Profit/loss.... that you have done by VAT/CST.