Limit of turnover
Vidya Totad (student) (52 Points)
28 September 2013
plz inform me about limit of turnover for VAT registration in karnataka.
2 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 28 September 2013
| Originally posted by : Vidya Totad | ||
 |
plz inform me about limit of turnover for VAT registration in karnataka. |
 |
Taxable turnover likely to exceed five lakh during the financial year shall be liable to be registered or Taxable turnover exceeds forty thousand in any of the month shall be liable to be registered (Section 22/Rule 4.)
.
The dealer should apply for registration if taxable turnover exceeds the notified amount.
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