VAT

This query is : Resolved

vijay m r (Querist)
Follow

29 January 2011 Hello,

Please help me on this matter, A proprietor of an ABC Industries has registered a TIN number for his Electronic items business. Now he want to start boutique business as a secondary business. Can he start business from same name (ABC Industries) and also can he use same TIN Number which he using for his electronic business.

B R Ramesh

B R Ramesh (Expert)
Follow

29 January 2011 Hi

yes since the proprietor is the same

hence he can continue with the same Tin.

only thing that he should write a letter to the Vat authority stating that aDDITION TO THE COMMODITY LIST In a letter head.

vijay m r

vijay m r (Querist)
Follow

13 April 2011 Pls Help me on this. Is there any chang at KVAT 5%. Beacause as per the notification VAT RATE OF 13.5% ON ALL OTHER GOODS INCLUDING THOSE TRASFERRED IN THE EXECUTION OF WORKS CONTRACT INCREASED TO 14%. Is there any changs at KVAT 5% also.

Upgrade to CAclubindia Pro. Subscribe Now!

B R Ramesh

B R Ramesh (Expert)
Follow

14 April 2011 Hi

There is no change in the 5% rate of tax

only 13.5% is incresed to 14% effective from 01.04.2011

vijay m r

vijay m r (Querist)
Follow

14 April 2011 Thank you Mr Ramesh