Hi, I'm running a small coffee shop in Hyderabad and have already registered for VAT. My annual turnover is somewhere around 2-3 lakhs. Do I need to collect VAT? If not, how should I submit the return?
1 Replies
suraj agarwal
(article trainee)
(25 Points)
Replied 30 August 2016
Assuming that you have obtained voluntary registration under Sec 17 (6)(a) of the Telangana VAT Act.
As per Rule 8 (3) of Telangana VAT Rules, where a VAT dealer registered under clause (a) of sub-section (6) of Section 17 fails to file timely tax returns and fails to pay any tax due and his taxable turnover remains under the limits specified, the authority prescribed shall cancel such registration after giving the VAT dealer the opportunity of being heard.
So you may continue to charge VAT and file returns, in order to avoid cancellation of registration.
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
