I am applying for VAT registration under Maharashtra state. Since i am a supplier for multiple products, I am not sure what to choose in the commodity list of the online VAT form. Kindly clarify me the following: 1. is it mandatory to choose a commodity in VAT for registration ?
2. if yes, shall i be bound to sell only those commodities that i have selected in VAT registration ?
3. what if i sell some products that i do not have registered during VAT application ?
One more query is regarding Dealer verification. is there any way to find the list of all TIN of the dealers for a specific commodity (say- computer peripherals)
10 September 2012
DEAR, PLEASE SELECT THE BROAD CATEGORY OF GOODS LIKE COMPUTER PERIPHERALS, COSMETICS, ELECTRICAL EQUIPMENT, ETC, WHILE REGISTRATION. IF YOU ARE DEALING IN VARIOUS CATEGORY OF GOODS AS SPACE IS NOT AVAILABLE IN THE FORM, THEN MENTION THE SAME IN SEPARATE LETTER TO THE REGISTRATION AUTHORITY WHILE REGISTRATION.
THERE IS NO METHOD TO FIND OUT DEALERS LIST HAVING TIN NUMBER IN SPECIFIC GOODS RIGHT NOW AT MAHAVAT WEBSITE.
11 September 2012
Thanks for the quick response. However, i am not yet clear on- what will happen if i sell any product that i have not registered for VAT during registration ? shall i be legally bound to sell only those commodities that i register ?
11 September 2012
Dear, you shall submit the letter for amendment in Registration Certificate for new commodity before sale in future.
Further this is a technical compliance, hence non compliance of it may not effect the tax liability of dealer. Registration Certificate can be amended any time. As you will be paying all taxes on goods sold by you, there is no loss to revenue.
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