I wanted to get VAT registration in Mumbai but the issue is bank account in the name of proprietorship concern is required for that. And for opening a current account in the name of the proprietorship concern VAT registration no. is required. Can I apply for vat registration without having a bank account. Shop License can also work instead of VAT registration no. but the problem is I will be operating the business from my home so there is no shop license. Please guide asap on the matter.

prasad kilari CA - PCC,CWA-Inter Follow Hi sir/Madam, I am running prop. business in bangalore i have a situation that in FY2014-15 couple of months i have filed Vat 100 as a nill return but in that months i have both output and input and i have shown in Vat Audit 240. Now my file has got scrutiny and they have send demand notice stating that the department has taken vat 240 out put and they left input and asking for tax payment . so please help me out to solve this transaction currently my file is in Division they were telling to go for tribunal so as per my business there is no leakage of revenue and i have shown clealy in VAT 240 but they were considering only Output and excluding Input please help me out ASAP

Hello experts, for an ecommerce handicrafts business if we have 50% or more profit margin will it be a problem for vat tax filling. for e.g.: when we purchase products worth 1lakh we have to sell it for At least 2lakh (to cover our expenses of courier and packing). because of this our turnover goes above 2lakh on purchase of 1lakh. so when we file our VAT my CA said we can't go above 50% profit margin. But my question is actual product selling cost is not much but our other expenses to sell those products are high. so is there anything my CA is missing. Is it really not possible to have more than 50% margins. please suggest.

Can i do business in two State at a same time with one tin no in two State which is registered in one State.
Eg : my biz Reg. In mp but i want to do biz both mp & Raj by open two diff. Branches in both State. Can I use mp's tin no in rajasthan for trading.
Plz help me....

Dear Sir,

SAREES AND DRESS MATERIALS EXEMPTED FROM VAT OR NOT PLEASE LET ME KNOW, NOT EXEMPTED LET ME KNOW THE VAT RATE

THANKS IN ADVANCE

please tell of annual return of vat filling process.

Dear Sir,
In case of pharmaceutical company, I came across a invoice in which sale price as well as MRP both are disclosed. Sale price is lower than the MRP as per invoice. But VAT is calculated on MRP value and not sale value after deducting discount.
Is the process followed is correct ?
According to me, it should be charged on the Net Sale Value and not MRP.
Kindly guide me regarding the same.

Thanking You.

Pl. tell new gst registration procedures.

A dealer deals in Second hand car trading.

he purchases second hand car from different individual (no one gives bills hence NO VAT paid by him).

Now he sell that cars after furnishing. Now he wish to register under VAT , so at the time selling he will issue invoice on which VAT shall be charged.

My question is whether we should register him under VAT (MONTHLY TURNOVER APPROX 50 LACS ---VAT 5 % ) 'OR' WE SHOULD SHOW HIS INCOME AS 'COMMISSION INCOME' --> MONTHLY APPROX 7-8 LACS [THEREBY REGISTER HIM UNDER SERVICE TAX @ 15 % ] ??

What is the procedure of surrendering PVAT registration in Punjab State ?
Is it possible to surrender when assessment for previous years are not yet started / completed.