Vat exemption

This query is : Resolved 
 


Querist : Anonymous (Querist) 28 March 2012

Is there a basic VAT exemption limit of Rs. 5 Lakh annual turnover available for Manufacturer of aluminium products?
or this limit is just applicable to dealers?


MJ Krishnamurthy (Expert)
29 March 2012

Mr Author,
The basic exemption limit is common for all,exept those involved in interstate sales/purchases,import and export,voluntary regn (in some states,casual traders subject to rules...MJK



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