Is there a basic VAT exemption limit of Rs. 5 Lakh annual turnover available for Manufacturer of aluminium products?
or this limit is just applicable to dealers?
2 Replies
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 16 April 2012
Rs. 5 Lacs exemption is for every one not only for dealer if you are manufacturing concern then you can also avial benefit of 5 Lacs Exemption for vat registration
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
