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Vat liability if turnover below rs.500000/-

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(Querist)
07 September 2012 DEAR SIR/MADAM,


IS THERE ANY LIABILITY TO PAY VAT IF TURNOVER OF FIRM IS BELOW RS.500000/-
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
07 September 2012 Mr Chirag RA
If this entire sales is within a state only, in a year, then there is no liabilityof VAT.If the dealer is engaged in interstate sale,inport and export,then thid sale becomes taxable.

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