A person in delhi imports an Article A and sells it in delhi. As per D-VAT rule, sale of article A is exempt if per item cost is less than Rs. 400/-. Now, he sells 5000 pcs of item A @ 250/- each i.e for total of Rs. 1250000/-. So, Now, will he be required to get himself Registered under Delhi VAT or its not compulsory as his sale is all exempted from VAT?
18 January 2010
Hi, but VAT is not to be levied if per piece cost is less than Rs 400/-. So, there will be no VAT liability at all. Will the person still required to get Registratio?
CAclubindia
