banner_ad

Mvat turnover limit exceeds and vat not collected on sale

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 August 2014 we under Maharashtra VAT Act, turnover exceeds 5 Lacs limit even after vat not collected on sales till the date of registration.

Whether we are liable to pay tax while not registered.

If liable to pay tax what is provision. Shall payable after reducing 5 Lacs limit what is penalty & interest factor.

If vat is liable on these sale then whether input vat on purchase during this period shall be reduced from the liability.
Profile Image

CA CHIRAG DOSHI

Profile Image

CA CHIRAG DOSHI (Expert)
10 August 2014 The Limit has been exceeded form 5lacs to 10Lacs,
You have to first get yourself registration then collect and pay the tax, if you fail to get yourself registration within 1 month from crossing the limit, then penal provision will be applicable,
set off shall be allowed once you get yourself registration
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details