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Vat registration for chemist

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2016 Is threshold limit of 40 lakhs is applicable to retail pharmacist. And is he assessable under 44AD, If yes is he required vat registration
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CA ANKIT GUPTA

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CA ANKIT GUPTA (Expert)
02 December 2016 Hi,
First specify the state in which Chemist is working as VAT provisions vary from state to state.

Feel Free to reach us at www.emunshe.com, ankit@emunshe.com, +91-9811985576
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 November 2021 For any turnover below 40 lakhs, no GST registration mandatory, and he can file IT return u/s. 44AD.
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