Mvat _ current a/c

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Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2012 Can a dealer have Two current accounts in two different banks for the single proprietor concern??

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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16 April 2012 Mr Author,
You can have as many as you like.When U change the first a/c reported during registration inform it to the department.
MJK

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2012 THANKS A LOT SIR FOR THE REPLY

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2012 sir what is this voluntary registration?

Querist : Anonymous

Querist : Anonymous (Querist)

10 November 2012 please do reply sir

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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10 November 2012 Mr Author,
Under each VAT Act in India it is madatory for dealer to get registered when his sales exceeds certain minimum level(threshold) and also for a seller engaged in interstate export and import and casual trade transactions.Sometimes people need to have a registration and TIN no. before commencing a business(like bidding for a govt contract starting import or export etc).In such cases they can voluntarily opt for a registration,which is called voluntary registration.....MJK