Boopathiraja (Student) (110 Points)
09 September 2015I would like start "Steel Nail Manufacturing business at Karnataka(Athipalli,Bangalore,Industrail Area)
In this regards i have doubt about
1.Is Online Registration enough for geting CST & VAT RC ?
2.am i want to submit Form 1 & Original Document for verification at LVO by Hand or at the time of Inspection at business place?
3.Any other registration for manufacturing of "Steel Nail" (i am come under SME) if i also need to get RC like Excise?(even Turnover lessthan 150Lakhs)
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 09 September 2015
Boopathiraja
(Student)
(110 Points)
Replied 10 September 2015
Thank you madam for valuvable suggession.
Also during filing online application its asking VAT or COT or Both
NOW I NEED TO REG UNDER VAT.
What is the creteria for COT(Composition scheme under KVAT)
If I Select VAT for Registration in future can i Change to COT or BOTH by written Request letter to RA.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 September 2015
Composition scheme is paying tax at certain percentage if certain conditions are satisfied. Refer Page No.3 of the link: https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAAahUKEwj98dnV6-vHAhWCao4KHX0ZArw&url=http%3A%2F%2Fctax.kar.nic.in%2Fwhat_vat%2FAbout%2520vat%2520nnew.pdf&usg=AFQjCNEI5i_JADncDeUNRfP_AaNJ3gSwvQ&sig2=w9MvYr_BUcNA4kq_GR6cBQ
If you do not want to avail composition scheme then register for VAT only. Probably, it is possible to change later.
Sourabh Dey
(5 Points)
Replied 24 November 2015
How to get Registered Under CST Karnataka, I have already received my VAT Copy a month ago.
CAclubindia
