03 November 2010
hi, i am opening a Garment shop, Can anyone help me understand the registration of VAT and the expenses for proprioter or partnership.Since my turnover will be very less what are the options for me. also im confused with regard to COT or VAT for my tye of business.
07 November 2010
Hi, You need to apply in Form VAT 1 and in other related forms to your jurisdictional LVO. I understand that pure trading activities will be done and not any manufacturing activities. COT option is available only if your expected turnover is below prescribed limit and it is optional. You can get registered under VAT also. For further details you can contact at 9900003365.
CAclubindia
