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Turnover for registr ation under upvat

Sachin Kumar (M.Com) (53 Points)

23 February 2015

Dear All,

I need your help to suggest someone for registration under UPVAT.

A Mobile shop is run by my friend where he sells mobiles and other items. What turnover should be to get registered under UPVAT?? As it is a trade kind of business and i think UPVAT is far different from DVAT in the matter of liability to get registered.

Kindly provide the necessary detail.

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sesha (accounts executive) (1101 Points)
Replied 24 February 2015

Since it is Mobile accessories and mobile spares are taxable at vat 4% under up salestax act 2008 to schedule 2 Part B if the is MRPcost of theone mobile is more than 10000 then u will liable to pay tax @ 4%. Better you can make voluntartily registration.and it should be registered to avoid any future aspects.Commodity code of the Mobile Schedule 2 Part B Commodity code for mobile is 28 and other mobile accessorries(Microphones, multimedia speakers, headphones, earphones and combined microphone / speaker sets and their parts) comes under commodity code no 2 under Upsales tax act 2008 schedule 2 taxable item under rate 4% at list of IT Products and accessories.

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