friends
what is the annual turnover limit to get rigisterd under vat act whether 5000000/- , or 1000000/-?
5 Replies
CA Himanshu Khurana
(Chartered Accountant)
(813 Points)
Replied 18 June 2011
I think Rs. 10,00,000/-
Vinay
(Articled Assistant)
(198 Points)
Replied 22 June 2011
Actually the Limit is Rs.5,00,000...., But concerned state govt has the authority to enhance the said amount to Rs.10,00,000 provided any revenue loss occured because of doing so the respective state govt has to bear such loss.....,
Ashwin
(Properitor)
(22 Points)
Replied 22 June 2011
Dear Sir,
My name is Ashwin and I had opened a computer sales and service concern in Taramani area.
So far I didn't make any sales.
I am going to apply for TIN and CST registration as soon as possible for that i need the office in which i have to apply for taramani region.
Another main doubt is before applying for TIN and CST is it possible for me to make sales.
Shall i purchase from some other dealer and sell it to consumers. If so what is the procedure ie, I can give the customer invoice without tax or with tax.
Kindly advice me regarding this. I am new to this one.
Awaiting for your reply.
Thanks
Ashwin
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