A REGULAR TAX PAYER IN VAT HAS A TURNOVER BELOW 20 LAC ,MAY HE SURREDAR RC .

makkhan sharma (203 Points)

17 July 2017  
A MANUFACTURER OF SWEETS HAS A TURNOVER BELOW 20 LAC IN PREVIOUS YEAR AND HE EXPECT HIS TURNOVER WILL NOT TOUCH IN FURTHER .

IN THIS SITUATION HE LIKE TO SURREDAR HIS VAT LICENCE AFTER SALE ALL HIS STOCK AS ON 30.6.17 AND DOES NOT LIKE TO ENTER IN GST .AND HE DID NOT MIGRATE HIS VAT NO. IN GST .
FURTHER HE WANT TO LIVE AS UNREGISTERED DEALER .HE WILL PURCHASE ALL GOODS AFTER PAYING GST IN FUTURE.

IS THIS RIGHT WAY OR NOT ,PLEASE SUGGEST .