Definition of turnover for registration under mvat
This query is : Resolved
10 July 2012
I would like to know that whether purchase should be considered as turnover to register under Mvat.If purchase more than 5 lakhs then we will go for registration.
Prakash Kochar
(Expert)
13 July 2012
URD Purchases only of cotton and oil seed are to be taken in consideration for purpose of calculating turnover of purchase for liability under MVAT ACT.
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