03 May 2013
It is not necessary to register for a person dealing only in exempted goods,like fish,mutton,vegetables,fruits,milk etc..mjk
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 May 2013
what about the business of selling of the printed books? here the businessmen is paid the vat on the bill of editing and proofing of the content of the books. it is the substantial amount. The businessman want to refund of the amount. what he sale is the sale of the printed books. is he eligibel to refund the paid amount on the editing and finalised of the book which will be ready for the print ?
25 May 2013
Printed books meant for reading,like novels,text books etc are exempt from VAT.Editing and proofing is a labour work and exempt from VAT.No neccessity for charging either on payment of editing and proofing bill or sale of books.If any vat has been collected and paid to the department it is eligible for refund...mjk
16 August 2013
The above mentioned goods are given in the schedule of exempted items. For taking up a registration it is necessary to have certain minimum taxable sales i.e.Rs5 lakhs in a year.A voluntary registration is also done expecting the minimum sales in a year.So,the conclusion is without taxable sales no registration under a vat Act is necessary and it will not be issued. Now,in the computerised administration system,a registration will be automatically cancelled when nil returns are filed for a long period....mjk