Need advise on MVAT with basics

Mehul (Partner) (24 Points)

12 May 2011  

Hi Guys,

 

I need your advise on MVAT. I am about to start a trading business of auto machine tools mainly used by tyre dealers. The product will come from Gujarat and I will be selling in Maharashtra.

 

My questions are....

 

  1. What are the type of resigtrations I would need?
  2. When should I register for VAT? Can I start my business right away and apply with the prescribed limit is achieved?
  3. Can I issue invoice right away without registration and wait till the prescribed limit is achieved and I apply/get and VAT certification?
  4. How to deal with inter state purchase?

 

Apologies for so many questions but I am totally blank on taxation part.

 

Many thanks in advance.

 

Regards

Mehul