VAT Registration?

This query is : Resolved

YADAV SANTOSH (Querist)
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01 June 2009 hello!

a retailer has having his turnover 448678 and 478651 for the fy 2005-06 and 2006-07 respectively.

now filling a income tax return for fy 2007-08 his turnover has exceeded 5 lakh which is the limit for VAT registration but he is not reg for VAT.

what would the implications of filling a return furnishing a turnover of above 5 lakh but without a VAT registration.

kindly suggest.

Ca.Manish Kulkarni

Ca.Manish Kulkarni (Expert)
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01 June 2009 As the dealer exceeds prescribed limit required for VAt Registration,he shall not be able to get input credit and have to pay Tax on the sales amount.Now u cann`t file your VAt return without VAT TIN.
After getting TIn Y can be Able to File Your VAT Return.
After getting vat TIN you can also apply for ADM Relief.

CA.Varun Ranjan

CA.Varun Ranjan (Expert)
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01 June 2009 Dear yadav

you have file income tax return dost matter, but u have contravention in VAT act, so get registered in VAT , in VAT u have to pay penlty but no problem, u may go for releif,