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LIABILITY FOR URD PERIOD


As we all know that VAT Regn is compulsory if ur Sales Turnover exceeds Rs.5lacs. MVAT Registration can be done vuluntsrily or on turnover basis when the turnover exceed Rs.5lacs.
My querry is that suppose a dealer has started a new business and his first sale bill is of apx Rs.7lacs so what will be his liability on sales exceeding Rs.5lacs


If first bill itself has exceeded the minimum limit of Turnover than tax should have been charged on complete bill amount.

but he is an URD dealer so how can he collect tax without vat no.


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