Thyagaraj (Manager Finance & Admin) (37 Points)
26 June 2010Sir,
With reference to the below case, Please clarify :
Mr.X is a dealer having a turnover of Rs.1,20,000 per annum, He has got registered with VAT authorities & having the TIN NO. My question is eventhough his turnover is less than the amount specified for registration under VAT, Is he reqiuired to file monthly return just because he has got registered with VAT authorities, irrespective of the Turnover?
Please clarify
RAKESH
(Almost CA)
(2199 Points)
Replied 26 June 2010
yes he needs to file his return monthly...........
CA Tushar Lakhanpal
(CA)
(416 Points)
Replied 27 June 2010
Once a person or a company gets registered for VAT
he becomes liable to pay VAT irrespective of the amount of sales..
AS HE WILL BE CHARGING VAT IN EVERY BILL
sanjiv
(accountant)
(27 Points)
Replied 27 June 2010
what is the rule and regulation for becoming sales tax practitioner.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
