can any one gime me d thresho limit for compulary registration of VAT, because i am confuse that this limit is 500000 or 1000000.
3 Replies
Ayyswariya RG
(Knowledge Seeker)
(3711 Points)
Replied 23 October 2010
Threshold limit has increased to RS 10 lakhs
swapnil
(CA Final)
(598 Points)
Replied 26 October 2010
thanks 4 sharing with us these updates.
thanks and Best of Luck.
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 27 October 2010
Hi,
In Tamilnadu If your turnover is from the manufacturing and the sale id first in the state then the limit is 5 lacs only. But if your sales and purchases are within the state then the limit is 10 lacs.
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