Applicability of vat and registration


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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2014 when a mvat is applicable to the businessman in maharashtra who is manufature ?

and trader?

05 June 2014 VAT becomes applicable in the following cases:
1. When within the state turnover of purchases or sales exceeds Rs. 5,00,000. or
2. When interstate turnover exceeds Rs. 1,00,000

The turnover limits with respect to manufacturer or trader are same.


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