saravanakumar (Admin) (32 Points)
20 December 2010Dear experts,
I just started a office, buying printed books and other printed stationary materials from printers and selling to corporates, for corporate vendor registration i registered for VAT, got TIN and CST numbers, surely my annual turnover is below 5 lakhs, is it essential to collect VAT from my clients?
i dont have proper purchase bills, is it essential to file every month VAT transactions?
Kindly clarify.
as u r registered delear u need to file the tax return , its not montly its quartely return u need to file return before 21 of jan for the quarter ended 31 dec like that , as u are collecting tax from the buyers for claiming setoff on purchase made u need to keep the purchase bill with the tax paid and all the details in tact , if u dnt you need to pay the complete tax as collected without the setoff for tax which you had paid at the time of purhcases
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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