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Section 3 of tnvat act

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(Querist)
07 February 2014 can anyone please explain section 3(1)and 3(2) of tnvat act,2006.i am confused about the turnover limit whether it is 5,00,000/- or 10,00,0000/- many people say it is 10,00,000/- then what is the implication of section 3(1)
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Vishnu Saboo

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Vishnu Saboo (Expert)
19 February 2014 Total TO limit is 5 lac for casual trader or agent.
Total TO of sales and purchases is 10 Lac within state

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