25 January 2012
Mr A is a sole proprietor doing business of Medical shop since last one and half year. But till date he haven't applied for the vat. So can he do so now?? Should he go for voluntary registration?? or can he still apply on turnover basis if his turnover is exceeded the limit in the last month. Thanks in advance.
28 January 2012
Mr Author, A voluntary registration is necessary when a daeler needs to have registration and a TIN no for requirements such as interstate sales and purchases or taking contracts etc. In other and normal course regular registration ie.when the turn over crosses the minimum is enough. MJK
CAclubindia
