Hi,
can anyone provide me with step to step way to convert sale tax registration from composition of Tax(COT) to value added tax(VAT) under karnataka value added tax act?
is the process online now?
Urgent.. please help
llllVICTORllll (Internal Auditor) (511 Points)
22 March 2011Hi,
can anyone provide me with step to step way to convert sale tax registration from composition of Tax(COT) to value added tax(VAT) under karnataka value added tax act?
is the process online now?
Urgent.. please help
CA.SIDDALINGESHWAR
(Practice)
(29 Points)
Replied 06 December 2014
You have to amend VAT-1 for conversion from cot to vat on reaching of turnover of sales Rs.25,00,000/- and you will get input credit on stock held as on the date of turnover of Rs.25 lakhs subject to purchases made 3 months prior to date. and input vat on all subsequent purchases Read Rule 146
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
