If the turnover exceeds Rs.500,000/- under MVAT Act,2002 then Vat Registration is complusory & otherwise valuntarly can ba applied if sale of fixed assets does not exceeds amount of rs 500,000/- then no vat levied by client as no complusory vat no is required sale as URD-unregistered delare
R P S K & Associates
Nashik
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
