Sir please its urgent. (VAT license)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2010 Should Doctor take V.A.T License for the dispensation of medicines at clinic?
His turnover exceeding 40 lakhs in this year.
Also please give advise if turnover is less then 40 lakhs , weather TOT registration is taken?

B R Ramesh

B R Ramesh (Expert)
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23 September 2010 HI

THE DOCTOR IS USING THE MEDICINE AS A CONSUMABLE TO THE PATIENT TO GIVE THE TREATEMENT BUT IT IS NOT SOLD DIRECTLY/NOR HE IS NOT RISEING THE TAX INVOICE.

HENCE THE VAT LICIENCE IS NOT REQUIRED FOR THE DOCTORS THEY ARE ONLY A PROFESSIONAL NOT A TRADER/MANUFACTURER.

WHEN THEY BUY THE PRODUCT THEY SHOULD PAY THE VAT & BUY THE GOODS.

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