Vat number in 2 states
This query is : Resolved
02 May 2012
Hi, I am a registered Dealer in Mumbai, What i need to know is that can I get registered for VAT in another state by opening an office there but doing the paper work sitting in Mumbai??? Say for Eg. Im in Mumbai... and i have a business opportunity for procuring products from Gujarat and supplying it to MP or Rajesthan... But since I already have a business in Bombay I have to be here... so can i take VAT number in Gujarat and do all the formality of filing the return and payment of VAT etc sitting in Bombay???
Would appriciate your expert advice.
Would appriciate your expert advice.
02 May 2012
Yes , You can do both ways
that is by taking New number or by keeping same number showing it as transaction from Mumbai Office.
that is by taking New number or by keeping same number showing it as transaction from Mumbai Office.
02 May 2012
Pawan Thnx... but doing Transction from Mumbai office??? I purchase from Gujarat and sale in MP... nd i show Transc from Bbay office?? HOW???
Now if i take new Number... can i do the return filing and all from Bombay itself???
Now if i take new Number... can i do the return filing and all from Bombay itself???
02 May 2012
1)If you take new number you can do return filing Audit from mumbai itself. For registration once you will have to go there, and you have to show office and place of business there.
2)If you dont take new reg, it will be OMS Purchase for you , and OMS Sale.
Even you can show it as transit Sale thus saving more tax, as Transit Sale are exempt From tax
2)If you dont take new reg, it will be OMS Purchase for you , and OMS Sale.
Even you can show it as transit Sale thus saving more tax, as Transit Sale are exempt From tax
02 May 2012
With only MVAT, Guj purchase and MP sale will go under CST. If you opt for GUJ VAT, the transaction will fall under GUJ VAT, but MP sale will be CST transaction.( Out of Guj)
02 May 2012
@ Pawan... Transit sale is E1 E2 sale which is much more complicated and with vague laws its always an issue with department....
@ Amol thats wat we are thinking bout taking a registration either in state of Purchase or in state of Sale... coz incase of VAT in purchase and sale on C form them Im geting into Refund MODE... but if Registration in State of Sale then its OMS purchase and Pay VAT...
Is it possible that the Vat Refund from Gujarat be adjusted in Maharastra??
Just wonder if Sitting in Bombay dual registration can be managed or not and if its safe from the legal complication.. and if not how it is to be done???
@ Amol thats wat we are thinking bout taking a registration either in state of Purchase or in state of Sale... coz incase of VAT in purchase and sale on C form them Im geting into Refund MODE... but if Registration in State of Sale then its OMS purchase and Pay VAT...
Is it possible that the Vat Refund from Gujarat be adjusted in Maharastra??
Just wonder if Sitting in Bombay dual registration can be managed or not and if its safe from the legal complication.. and if not how it is to be done???
03 May 2012
@Mr.Ketan:It is evident u don't want to go for Intransit Sale (E1/E2 transsaction).Its a normal transaction and is being followed alomost in all state .In many state there are Commissioner circulars allowing the Instransit Sales. U consult some local consultant they may guide you properly for the procedure to be followed.
If u feel u should go for registration,please note that:
For getting registration number under Gujrat VAT, you suppose to have local address in Gujrat.All routine requirement like payment of taxes, filing of Retuns etc can be done fron Mubmai also as you have to do the things online. I dont think there would be any problem as long as u have some local address in Gujrat and somebody is available at that place to receive correspondance and inform you for the same.
But it is not economical as u need to bear some administrative exp plus always there will be a refund situation which cannot be adjusted with any other state liability. If u go for registration in the state of sale, entire VAT liability on sales need to be discharged as there wont be any Input credit available to you- if the buyer is ready to pay u extra for VAT as input credit will be available for buyer bases on local tax Invoice raised by you, u can go for this option also.
If u feel u should go for registration,please note that:
For getting registration number under Gujrat VAT, you suppose to have local address in Gujrat.All routine requirement like payment of taxes, filing of Retuns etc can be done fron Mubmai also as you have to do the things online. I dont think there would be any problem as long as u have some local address in Gujrat and somebody is available at that place to receive correspondance and inform you for the same.
But it is not economical as u need to bear some administrative exp plus always there will be a refund situation which cannot be adjusted with any other state liability. If u go for registration in the state of sale, entire VAT liability on sales need to be discharged as there wont be any Input credit available to you- if the buyer is ready to pay u extra for VAT as input credit will be available for buyer bases on local tax Invoice raised by you, u can go for this option also.
03 May 2012
I just spoke to Mr. C.B. thaker and he is advising to go for E1/e2 Sales since some of my trading products does not have VAT applicable which would nullify any liability at all....
Thnx Vibhash... Amol.... Pawan truly appriciate the same..
Thnx Vibhash... Amol.... Pawan truly appriciate the same..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
