MVAT- Determination of Turnover for MVAT Registration
This query is : Resolved
16 March 2011
Under MVAT,if Turnover of purchase/sales during a F.Y. exceeds Rs. 5,00,000/- then dealer is required to get him registered % charge tax i.e. no tax till the sales are upto 5 lacs.
My Question is-
If there were no sales during 1 quarter & in 2nd quarter by virtue of 1st sales invoice only turnover gets exceeded 5,00,000/- then a dealer is required to pay tax on the amount by which the turn over has exceeded or the entire sales amount?
My Question is-
If there were no sales during 1 quarter & in 2nd quarter by virtue of 1st sales invoice only turnover gets exceeded 5,00,000/- then a dealer is required to pay tax on the amount by which the turn over has exceeded or the entire sales amount?
16 March 2011
Only on amount exceeded 500000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Scrutiny assessments u/s 143(2) for AY 25-26
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Off Market debit and credit transaction
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
