Exemption rates

This query is : Resolved

Renuka Patil (Querist)
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03 October 2012 Every trader has to get register when he exceeds the the limit. What is the exemption limit up to that a trader need not to pay VAT?

CA Dhiraj Ramchandani (Expert)
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03 October 2012 Depends on each state.., some states have exemption limit of rs 5 lakhs of turnover, while some have rs 10 lakhs..

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