Applicability of vat and registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2014
when a mvat is applicable to the businessman in maharashtra who is manufature ?
and trader?
and trader?
05 June 2014
VAT becomes applicable in the following cases:
1. When within the state turnover of purchases or sales exceeds Rs. 5,00,000. or
2. When interstate turnover exceeds Rs. 1,00,000
The turnover limits with respect to manufacturer or trader are same.
1. When within the state turnover of purchases or sales exceeds Rs. 5,00,000. or
2. When interstate turnover exceeds Rs. 1,00,000
The turnover limits with respect to manufacturer or trader are same.
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