Commodity
This query is : Resolved
10 September 2012
Dear Experts,
I am applying for VAT registration under Maharashtra state. Since i am a supplier for multiple products, I am not sure what to choose in the commodity list of the online VAT form.
Kindly clarify me the following:
1. is it mandatory to choose a commodity in VAT for registration ?
2. if yes, shall i be bound to sell only those commodities that i have selected in VAT registration ?
3. what if i sell some products that i do not have registered during VAT application ?
One more query is regarding Dealer verification. is there any way to find the list of all TIN of the dealers for a specific commodity (say- computer peripherals)
Thank you.
Ajoy
I am applying for VAT registration under Maharashtra state. Since i am a supplier for multiple products, I am not sure what to choose in the commodity list of the online VAT form.
Kindly clarify me the following:
1. is it mandatory to choose a commodity in VAT for registration ?
2. if yes, shall i be bound to sell only those commodities that i have selected in VAT registration ?
3. what if i sell some products that i do not have registered during VAT application ?
One more query is regarding Dealer verification. is there any way to find the list of all TIN of the dealers for a specific commodity (say- computer peripherals)
Thank you.
Ajoy
10 September 2012
DEAR, PLEASE SELECT THE BROAD CATEGORY OF GOODS LIKE COMPUTER PERIPHERALS, COSMETICS, ELECTRICAL EQUIPMENT, ETC, WHILE REGISTRATION. IF YOU ARE DEALING IN VARIOUS CATEGORY OF GOODS AS SPACE IS NOT AVAILABLE IN THE FORM, THEN MENTION THE SAME IN SEPARATE LETTER TO THE REGISTRATION AUTHORITY WHILE REGISTRATION.
THERE IS NO METHOD TO FIND OUT DEALERS LIST HAVING TIN NUMBER IN SPECIFIC GOODS RIGHT NOW AT MAHAVAT WEBSITE.
THERE IS NO METHOD TO FIND OUT DEALERS LIST HAVING TIN NUMBER IN SPECIFIC GOODS RIGHT NOW AT MAHAVAT WEBSITE.
11 September 2012
Thanks for the quick response.
However, i am not yet clear on- what will happen if i sell any product that i have not registered for VAT during registration ? shall i be legally bound to sell only those commodities that i register ?
However, i am not yet clear on- what will happen if i sell any product that i have not registered for VAT during registration ? shall i be legally bound to sell only those commodities that i register ?
11 September 2012
Dear, you shall submit the letter for amendment in Registration Certificate for new commodity before sale in future.
Further this is a technical compliance, hence non compliance of it may not effect the tax liability of dealer. Registration Certificate can be amended any time. As you will be paying all taxes on goods sold by you, there is no loss to revenue.
Further this is a technical compliance, hence non compliance of it may not effect the tax liability of dealer. Registration Certificate can be amended any time. As you will be paying all taxes on goods sold by you, there is no loss to revenue.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- TDS 194R on GST effected
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
