VAT Registration?
This query is : Resolved
01 June 2009
hello!
a retailer has having his turnover 448678 and 478651 for the fy 2005-06 and 2006-07 respectively.
now filling a income tax return for fy 2007-08 his turnover has exceeded 5 lakh which is the limit for VAT registration but he is not reg for VAT.
what would the implications of filling a return furnishing a turnover of above 5 lakh but without a VAT registration.
kindly suggest.
a retailer has having his turnover 448678 and 478651 for the fy 2005-06 and 2006-07 respectively.
now filling a income tax return for fy 2007-08 his turnover has exceeded 5 lakh which is the limit for VAT registration but he is not reg for VAT.
what would the implications of filling a return furnishing a turnover of above 5 lakh but without a VAT registration.
kindly suggest.
01 June 2009
As the dealer exceeds prescribed limit required for VAt Registration,he shall not be able to get input credit and have to pay Tax on the sales amount.Now u cann`t file your VAt return without VAT TIN.
After getting TIn Y can be Able to File Your VAT Return.
After getting vat TIN you can also apply for ADM Relief.
After getting TIn Y can be Able to File Your VAT Return.
After getting vat TIN you can also apply for ADM Relief.
01 June 2009
Dear yadav
you have file income tax return dost matter, but u have contravention in VAT act, so get registered in VAT , in VAT u have to pay penlty but no problem, u may go for releif,
you have file income tax return dost matter, but u have contravention in VAT act, so get registered in VAT , in VAT u have to pay penlty but no problem, u may go for releif,
01 June 2009
thanks very much!
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- 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
