Sir i am a small time traders of cloths/garments. I do business in exhibition cum sale which happens twice thrice in a month and from my own house ( It is flat not shop) where nearby friends and neighbours come and buy.
So for i have not registered for Vat /cst or service tax. My turnover is 2 lacs for this year and next year it will cross five lacs.
My question is it necessary to register for service tax as well along with VAt/CSt?
How much charges can incur for this registration along with fee? Is it compulsory to keep some money In deposit for VAT( i had heard that)?
Pls guide with the process?
Thanx in advance.
CAclubindia
