Is VAT applicable to a proprietory concern, manufacturing choclates from home and supplying to corporates.....
cherisha patel (CA) (88 Points)
01 August 2012Is VAT applicable to a proprietory concern, manufacturing choclates from home and supplying to corporates.....
Yajendra Adhikari
(Chartered Accountant)
(334 Points)
Replied 01 August 2012
YES. provided it crosses the thresshold level.
Chiradeep.R.H
(Chirahi & Associates - Consultants)
(240 Points)
Replied 01 August 2012
Threshsold limit of turnover depends state to state. Please enquire. In some state it is 2lakhs and in some state it is 5lakhs.
cherisha patel
(CA)
(88 Points)
Replied 01 August 2012
thnks fr ur reply...
as of now the turnover is vey low , can the registration of VAT be done once it crosses the turnover later on.
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