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Vat registration queries

Srabani Banerjee (Accountant) (35 Points)

06 April 2012

1. What is Voluntary Registration in Vat Act. 2. Can any dealer, whose yearly turnover is below 5 lacs, get voluntary registration? organisation status is partnership. 3. How much money will be needed to get vat registration?

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5 Replies

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 07 April 2012

As per my knowledge Rs.25000 should be deposited as security in form of NSC as security which will be refunded after 3 years.

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Nishith Pursnani (B.com CPFA CFP(student)) (57 Points)
Replied 07 April 2012

As per my knowledge If any dealer want to register before crossing the required turnover or before starting of the business he may apply for voluntary registration for which rs 25000 deposit has to be kept.

Registration Fee : Rs. 500/- (For Regular Registration)
: Rs.5000/ (For Voluntary Registration)
Deposit : Rs. Nil (For Regular Registration)
: Rs.25000/-(For Voluntary Registration)

Thanks