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Mvat requirements ?


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2014 I am sorry to ask a easiest question but i have not did any MVAT compliances during my articles. Please help me

I want to take registration of MVAT for an individual,
What is the procedure for MVAT registration ?
when I will get refund or credit of deposit made with department ?

What are the Demand Drafts requirement ?

If a person suppllying clothes as per SCHOOL's requirement whether VAT shall be charged, any exemption or not ?

what is the MVAT audit limit ?

can you please help me urgently ?

24 November 2014 MVAT Audit is applicable to the dealers having
(i)aggregate of his turnover of sales and the value of goods transferred to any other place of his business or of his agent or principal, situated outside the State, not by reason of sale, or
(ii)turnover of purchases,
exceeds rupees one crore in any year. (Refer section 61 of The Maharashtra Value Added Tax Act, 2002)



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