08 August 2009
AS PER THE AP VALUE ADDED TAX ACT 2005 LEAFLET 14 vide ITEM (1)(b) IF AN AGENT SELLS GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPALS HE IS UNDER NO OBLIGATION TO OBTAIN REGISTRATION UNDER ACT. SUCH AGENTS USE TO MAINTAIN RECORDS IN FORM 521 AS PROVIDED IN RULE 34(1). IT WAS SUFFICIENT AS PER THE ACT. BUT AFTER THE ADDITION OF SUB SECTION 10(a) UNDER SECTION 4 VIDE ACT NO.28 OF 2008, WHAT IS THE POSITION OF AGENTS WHO SELLS GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPALS. IS IT NECESSARY FOR SUCH AGENTS TO OBTAIN REGISTRATION UNDER THE AP VAT ACT 2005?
09 August 2009
The advantage of registration under the AP Vat is the facility to set off input and output tax as stated in the Act plus CST liability. If there is no such advantage and the turnover is below the bench mark use your discretion
10 August 2009
SRI M. PRABHAKARJI MENON, THANK YOU FOR YOUR VIEW. I AM NOT ASKING ABOUNT OF THE ADVANTAGE OF REGISTRATION. BUT I WANT TO KNOW WHETHER REGISTRATION IS REQUIRED FOR AGENT WHO SELLS GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPALS AFTER THE INSESATION OF SUB SECTION 10(a) IN SECTION 4 OF THE APVAT ACT.
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