When VAT registration is required for a company in Karnataka ? Is it require before raising the first invoice. Please advice.
1 Replies
Nizzu
(.)
(34 Points)
Replied 31 May 2011
Registration
Liability to register.- ) Every dealer whose total turnover exceeds or who
reasonably expects his total turnover to exceed two lakh rupees, as computed under the
provisions of the Karnataka Sales Tax Act 1957 (Karnataka Act 25 of 1957), in the year
ending Thirty First day of March 1[2005] shall be liable to be registered and report such
liability on such date as may be notified by the Government.
1. Substituted by Act 6 of 2005 w.e.f. 19.3.2005.
(2) Every dealer who at any time has reason to believe that his taxable turnover is
likely to exceed two lakh rupees during any year after the year ending Thirty First day of
March 1[2005] shall be liable to be registered and report such liability forthwith or on such
date as may be notified by the Government.
1. Substituted by Act 6 of 2005 w.e.f. 19.3.2005.
(3) Every dealer whose taxable turnover exceeds fifteen thousand rupees in any one
month after the date from which the tax shall be levied, in accordance with Section 3, 1[xxx],
shall register forthwith.
1. Omitted by Act 11 of 2005 w.e.f. 1.4.2005.
(4) Every dealer to whom a business or part of a business is transferred by another
dealer who is liable to be registered under this Act, shall apply for registration from the date
of that transfer, if he is not already registered.
(5) Every dealer liable to register under sub-sections (2), (3) or (4) shall report his
liability to be registered in the prescribed manner at the end of the month on which that
liability arises or on such date as may be notified under sub-section (2).
(6) Every dealer who obtains or brings taxable goods from outside the State, whether
as a result of purchase or otherwise, shall be liable to be registered after such first purchase
or procurement irrespective of the value of goods purchased or procured and shall report
such liability at the end of the month in which such purchase or procurement takes place.
2004: KAR. ACT 32] Value Added Tax 233
(7) Every dealer who exports taxable goods is liable to register after the first export
and shall report such liability at the end of the month in which such export takes place.
(8) Every dealer who effects sale of taxable goods in the course of interstate trade or
commerce or dispatches taxable goods to a place outside the State is liable to register after
the first sale or dispatch and shall report such liability at the end of the month in which such
sale or dispatch takes place.
(9) Every casual trader and every non-resident dealer or his agent shall be liable to
register after his first sale irrespective of the value of the taxable goods sold and shall report
such liability forthwith.
1[(9-A) Every dealer engaged in the execution of works contract shall be liable to
register and shall report such liability after the end of the month in which execution of any
works contract is undertaken.”]
1. Inserted by Act 6 of 2005 w.e.f. 19.3.2005.
(10) In determining whether a person is liable to be registered under sub-sections (1),
(2) or (3), the prescribed authority may have regard to the total or taxable turnover or total
receipts of any other person where both persons are associates, and, where the prescribed
authority deems that any business has been deliberately broken up into smaller businesses
to avoid registration, the prescribed authority may issue a notice requiring those businesses
to be registered as one business entity.
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