Mandate of tin registration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2015 Sir ,
I am involved in the busniess of selling retail cloth garments . And my sales have crossed Rs 500000 during the year..
Do i have to apply for a TIN

Adv. Kiran Marathe

Adv. Kiran Marathe (Expert)
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29 May 2015 IF YOU THINK THAT YOUR TURNOVER (SALE)EXCEED IN FUTURE FROM 5 LAC TO 10 LAC THEN YOU CAN TAKE THE VOLUNTARILY YOU CAN TAKE THE VAT TIN NUMBER FOR SUCH 30000(25000 REFUNDABLE AFTER 3 YEARS 5000 IS FEES OF GOVT NON REFUNDABLE) IS FEES TO GET REGISTRATION UNDER VAT ACT.TILL YOU ARE NOT LIABLE TO GET VAT TIN NUMBER

Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2015 But sale of retail garments doesnot attract VAT ,am i still required to apply for TIN???