BASIC VAT APPLICABILITY


This query is : Resolved 

23 February 2008 hello sir,
my query is regarding wheather a hardware retailer is require to obtain a VAT registration irespective of its turnover. if yes then wat would be its consequences i mean he'll hav to file a quarterly return etc.

pls suggest

25 February 2008 when your turnover is cross rs five lakhs
then you will liable to take registration
if your tax liabilities is less than rs
36000/-then you will filled six monthly returns,tax liability is less than rs.100000/-quarterly return and in excess
of rs 100000/-monthly return
also you will take volunterly registration if you want it

25 February 2008 thanks very much sir,

u resolved my query


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