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MVAT- Determination of Turnover for MVAT Registration

This query is : Resolved 
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(Querist)
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?
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CA Chandresh Agrawal

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CA Chandresh Agrawal (Expert)
16 March 2011 Only on amount exceeded 500000
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