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Vat exemption (VAT)

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This query is : Resolved

Author : Anonymous

( Author )
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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