Anoop (Service) (345 Points)
18 April 2009In the state of Karnataka, is there any rule to pay Rs. 2,500/- per year towards renewal fees of vat registration. If yes, will it pay 2,500/- per branch in the state? If we have 1 godown and 1 office in Bangalore and another godown in diff. city, should I pay 7,500/- as informed by our consultant. I am working in the pvt. ltd. co.
Pls. advice.
Anoop
(Service)
(345 Points)
Replied 21 April 2009
| Originally posted by :Anoop | ||
| " | In the state of Karnataka, is there any rule to pay Rs. 2,500/- per year towards renewal fees of vat registration. If yes, will it pay 2,500/- per branch in the state? If we have 1 godown and 1 office in Bangalore and another godown in diff. city, should I pay 7,500/- as informed by our consultant. I am working in the pvt. ltd. co. Pls. advice. |
" |
We have to pay within 1-2 days time so could any one reply?
Indudhar
(Tax Advocate)
(427 Points)
Replied 03 May 2009
Dear Anoop, first of all there is no renewal fee under KVAT. Discuss clearly with your STP. I think you have confused that with Profession tax. PT is Rs 2500/- if sales exceeds Rs 25,00,000- p.a, no matter how many branches or offices you are owning, just remitt Rs 2500 PT and submit the copy of the same in respective VAT offices..
Anoop
(Service)
(345 Points)
Replied 04 May 2009
| Originally posted by :indudhar | ||
| " | Dear Anoop, first of all there is no renewal fee under KVAT. Discuss clearly with your STP. I think you have confused that with Profession tax. PT is Rs 2500/- if sales exceeds Rs 25,00,000- p.a, no matter how many branches or offices you are owning, just remitt Rs 2500 PT and submit the copy of the same in respective VAT offices.. | " |
Thanks
CAclubindia
