Sale of exempted goods is liable to registration under vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2013 if I sale Papad which is exempt from VAT and my turnover is 25 lac. for this i have to registerd under VAT or not.

ANIL SULEGAI PREMANATH

ANIL SULEGAI PREMANATH (Expert)
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28 October 2013 Since your turnover is above 5 lakhs you need to get registered under VAT.

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2013 but all sales are exempted.
i think there is no need to get registration.
Mr. Anil ji

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CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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03 November 2013 if you are dealing in exempted product only, there is no need to get registered

ANIL SULEGAI PREMANATH

ANIL SULEGAI PREMANATH (Expert)
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04 November 2013 May be its right sir, because section 22 clearly reads it if the TAXABLE TURNOVER exceeds 5 lakhs.

Registration (Section 22): Every dealer whose taxable turnover exceeds two lakh is required to be registered under the Karnataka Value Added Tax law. Thereafter vide amendment the registration limit has been increased from two lakh to five lakh.

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2013 thanks sir, mr. anil ji and ck bajpal ji for this answer and happy diwali