10 May 2017
I have a client, they have general stores, so goods are purchased at different VAT rates on the basis of MRP, so kindly tell me how should we optfor registration. They were not registered for VAT. So guide me whole procedure.
10 May 2017
If the total turnover for the year doesn't exceed 20 lacs no need of GST registration. If it exceeds 20 lacs but not exceeds 50 lacs opt for composition scheme where you will have to pay 1% GST on sale value.
10 May 2017
ok. thanks like for turnover of 20-30 proper books are necessary ?
And even will like to know what should we do now as if for first quarter as there is no VAT even registered now
11 May 2017
only migration to GST is started who is already registered under Sales Tax, Vat or Service Tax etc.,but still closed. wait for notification regarding Fresh GST registration
CAclubindia
