Alok mukherjee (B) (248 Points)
29 February 2012
At what turnover is a dealer supposed to register under Vat(MVat)?
Can a dealer voluntarily register under CST or only after effecting the 1st Inter-state sale?
thanks.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 12 March 2012
The threshold limit for registration is Rs5lakhs. You have to register without reference to any limit if you are engaged in interstate sale. Voluntary registration can be taken before starting any sale transaction,but it has to be both under VAT and CST Acts.....MJK.
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 04 April 2012
yes agreed,
threshold limit is 5 Lacs and before 5 Lacs you can also voluntarily registered but you have to deposit against 5 Lacs Purchase/sales bills, it will Rs.25000/- or as per state vat rules and both registration deposit too....
kashmirkatha
(kk)
(22 Points)
Replied 28 May 2012
how mush turnover for registration under vat & cst act in haryana
CAclubindia
