Hello
Can you just clarify on the following isuue:
Q. If a dealer is registered under DVAT ACT(local + central) whether he can avail basic/small dealer exemption limit Rs 20 lac ? IF YES, means no need to charge & pay tax to govt upto Rs 20 lac ?
Jatin (Article) (30 Points)
13 August 2014Hello
Can you just clarify on the following isuue:
Q. If a dealer is registered under DVAT ACT(local + central) whether he can avail basic/small dealer exemption limit Rs 20 lac ? IF YES, means no need to charge & pay tax to govt upto Rs 20 lac ?
Rakesh Negi
(Ecommerce)
(147 Points)
Replied 13 August 2014
Sorry bro, if registered then there is no exemption.
Moreover the exemption for unregistered is not 20 lac but only 5 lac if I am correct or 10 lac.
and that even for intra state.
No exemption for inter state transactions.
Jatin
(Article)
(30 Points)
Replied 14 August 2014
"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)