Kerala (kochi) - vat registration
This query is : Resolved
16 April 2013
Dea Sir,
Please help me for VAT Registration in Kerala state. If any one refernces of Professional is highly appreciated
Regards
Sachin Waje
9819226152
Please help me for VAT Registration in Kerala state. If any one refernces of Professional is highly appreciated
Regards
Sachin Waje
9819226152
16 April 2013
Procedure is very well described in circular 10/2006 which can be read through www.keralataxes.gov.in.
Message likes :
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16 April 2013
Dear Sir,
We have received Work order for Kochi Site, for service purpose we have moblised our equipment which will return after job work from site but client denied for way bill.
Queries :
For execute work order we have to mandatory to register in kerala?
Can URD apply for way bill for Machinery?
Regards
Sachin Waje
We have received Work order for Kochi Site, for service purpose we have moblised our equipment which will return after job work from site but client denied for way bill.
Queries :
For execute work order we have to mandatory to register in kerala?
Can URD apply for way bill for Machinery?
Regards
Sachin Waje
02 August 2024
For VAT registration and handling issues related to way bills in Kerala (Kochi), here’s a detailed guide:
### **VAT Registration in Kerala**
1. **Mandatory Registration**:
- **Service Providers**: If your business involves providing taxable services in Kerala and you exceed the prescribed turnover limit for services, you are required to obtain VAT registration in Kerala.
- **Threshold Limit**: For VAT registration in Kerala, the threshold limit for service providers is typically ₹10 lakhs. If your turnover exceeds this limit, registration becomes mandatory.
2. **Procedure for VAT Registration**:
- **Application**: You need to apply for VAT registration through the Kerala State Goods and Services Tax (SGST) department. The application can be made online through the Kerala VAT department’s website or at the local office.
- **Documents Required**:
- Proof of identity and address of the proprietor/partners/directors
- Proof of business address
- PAN card of the business entity
- Business registration documents (if applicable)
- Bank account details
- **Professional Assistance**: It is advisable to consult a local tax consultant or chartered accountant who specializes in Kerala VAT/GST regulations to help you with the registration process and ensure compliance. You can find professionals through local business directories or online platforms such as Justdial or Sulekha.
### **Handling Way Bills for Machinery**
1. **Way Bill Requirement**:
- **For Machinery and Equipment**: When transporting machinery or equipment for job work, a way bill is often required under the VAT/GST laws. This is to track the movement of goods and ensure that the transport complies with the tax regulations.
2. **Unregistered Dealers (URD)**:
- **Way Bill for URD**: If you are an unregistered dealer (URD), obtaining a way bill might not be directly applicable as URDs typically do not need to issue way bills. However, the client might still demand a way bill as part of their internal procedures or compliance.
- **Alternative Documentation**: If a way bill cannot be obtained, consider using alternative documentation, such as a delivery challan or transport receipt, to provide proof of the movement of goods.
### **Action Steps**
1. **Register for VAT**: If you are required to register, follow the process outlined above and consult with a local tax professional to assist you.
2. **Consult a Professional**: For guidance on VAT registration and handling way bills, contact a local tax consultant or chartered accountant in Kochi.
3. **Way Bill Compliance**: If a way bill is mandatory for your client, try to comply with their requirements or discuss alternative solutions with them.
### **References for Professionals**
- **Local Tax Consultants**: You can find local tax consultants or chartered accountants in Kochi through directories like Justdial, Sulekha, or through recommendations from local business associations.
- **Professional Bodies**: Consider contacting professional bodies such as the Kerala State Chartered Accountants Association (KSCAA) for referrals to qualified professionals in Kochi.
By following these steps and consulting with the right professionals, you can ensure that you meet the VAT registration requirements and handle way bill issues effectively.
### **VAT Registration in Kerala**
1. **Mandatory Registration**:
- **Service Providers**: If your business involves providing taxable services in Kerala and you exceed the prescribed turnover limit for services, you are required to obtain VAT registration in Kerala.
- **Threshold Limit**: For VAT registration in Kerala, the threshold limit for service providers is typically ₹10 lakhs. If your turnover exceeds this limit, registration becomes mandatory.
2. **Procedure for VAT Registration**:
- **Application**: You need to apply for VAT registration through the Kerala State Goods and Services Tax (SGST) department. The application can be made online through the Kerala VAT department’s website or at the local office.
- **Documents Required**:
- Proof of identity and address of the proprietor/partners/directors
- Proof of business address
- PAN card of the business entity
- Business registration documents (if applicable)
- Bank account details
- **Professional Assistance**: It is advisable to consult a local tax consultant or chartered accountant who specializes in Kerala VAT/GST regulations to help you with the registration process and ensure compliance. You can find professionals through local business directories or online platforms such as Justdial or Sulekha.
### **Handling Way Bills for Machinery**
1. **Way Bill Requirement**:
- **For Machinery and Equipment**: When transporting machinery or equipment for job work, a way bill is often required under the VAT/GST laws. This is to track the movement of goods and ensure that the transport complies with the tax regulations.
2. **Unregistered Dealers (URD)**:
- **Way Bill for URD**: If you are an unregistered dealer (URD), obtaining a way bill might not be directly applicable as URDs typically do not need to issue way bills. However, the client might still demand a way bill as part of their internal procedures or compliance.
- **Alternative Documentation**: If a way bill cannot be obtained, consider using alternative documentation, such as a delivery challan or transport receipt, to provide proof of the movement of goods.
### **Action Steps**
1. **Register for VAT**: If you are required to register, follow the process outlined above and consult with a local tax professional to assist you.
2. **Consult a Professional**: For guidance on VAT registration and handling way bills, contact a local tax consultant or chartered accountant in Kochi.
3. **Way Bill Compliance**: If a way bill is mandatory for your client, try to comply with their requirements or discuss alternative solutions with them.
### **References for Professionals**
- **Local Tax Consultants**: You can find local tax consultants or chartered accountants in Kochi through directories like Justdial, Sulekha, or through recommendations from local business associations.
- **Professional Bodies**: Consider contacting professional bodies such as the Kerala State Chartered Accountants Association (KSCAA) for referrals to qualified professionals in Kochi.
By following these steps and consulting with the right professionals, you can ensure that you meet the VAT registration requirements and handle way bill issues effectively.
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