09 January 2014
For the purposes of vat, the limits of turnovershall be as follows :-
(a)Limit of turnover Rs. 1,00,000:
in the case of a dealer, who is an importer, and the value of taxable goods sold or purchased by him during the year is not less than Rs. 10,000.
(b)Limit of turnover Rs. 5,00,000: in any other case, where the value of taxable goods sold or purchased by him during the year is not less than Rs. 10,000.
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