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Vat exemption

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Querist : Anonymous

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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?
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MJ Krishnamurthy

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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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