31 July 2014
dear experts,
I am new member here, need your advice.
I am a unregistered dealer.
And I do purchase goods (CCTV dvr camera , EPABX, IP-Pbx, Security system, Access Card Attendance machine, fire alarm system etc. ) from a registered (dvat) dealers as well as unregistered dealers, and further do sales of the same goods to end user or clients in NCR, Delhi, Noida, Faridabad, Gurgaon, I assume this is a interstate sale except the one I do in Delhi.
please suggest what is my tax liabilities, if my total turn over remain below Rs.10 lakh per annum, and how to calculate my taxes so that I can pay to government, I have one savings bank account in hdfc bank Delhi, I do receive cheque payments from clients on my name.
what kind of records of sales and purchase I should maintain in this case, please suggest, and I don't have any office I work from rented home is this all legal?
Thanks in advance
Regards,
Rajeev Maurya
31 July 2014
For doing interstate purchase and sale you have to take up DVAT and CST registration.Usual business accounting records are to be maintained. Local and interstate Purchase and sale accounts,VAT/CST collected etc are necessary.You can make an application on-line through www.dvat.gov.nic.in and click e-registration.All details are available in the website.....mjk
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