21 November 2009
What is the registration requirement under VAT for small dealers? Also what about contractors? Where is the monetory limit is mentioned... in Act/ Rules or else where?
21 November 2009
Registration Requirement is in respect of documents is concern then 1. Pan Card Copy 2. Shop Act Xerox 3. Address Proof of Bussines 4. Address Proof of Residence Address 5. Second Address Proof of Residence Address 6. Photo 7. Rent Agreement or 7/12 Extract 8. Challan of Rs.525 for Registration Fees 9. Challan of Rs.25000 for Deposit in case of voluntarily Registration. 10.Rs.5000 as a Registration Fees in case of Volunatrily Registration Fees
The Limit of Turnover is Sales of Rs.500000 in a fincial year starting from 1st April & ending on 31st
The same rule is applicable in case of Works Contractor
21 November 2009
If your Business Turnover Exceeds Rs.5 Lacs or you are Paying Rs.10000/- as VAT Tax.then you have to take VAT Regristration No. in one month in any Financial Year.