Registration of vat

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Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2013 CERTAIN ACTIVITY IS CLEARLY EAEMPTED FROM THE VAT APPLICABILITY. IN such base ,is registration of taking vat no is how much importance?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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03 May 2013 It is not necessary to register for a person dealing only in exempted goods,like fish,mutton,vegetables,fruits,milk etc..mjk

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2013 what about the business of selling of the printed books? here the businessmen is paid the vat on the bill of editing and proofing of the content of the books. it is the substantial amount. The businessman want to refund of the amount. what he sale is the sale of the printed books. is he eligibel to refund the paid amount on the editing and finalised of the book which will be ready for the print ?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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25 May 2013 Printed books meant for reading,like novels,text books etc are exempt from VAT.Editing and proofing is a labour work and exempt from VAT.No neccessity for charging either on payment of editing and proofing bill or sale of books.If any vat has been collected and paid to the department it is eligible for refund...mjk

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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14 June 2013 Yes I agree with the expert

Querist : Anonymous

Querist : Anonymous (Querist)

15 August 2013 dear Sir, i want to study in detail. therefore kindly you guide me the supporting section of your feddback.

thank u

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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16 August 2013 The above mentioned goods are given in the schedule of exempted items. For taking up a registration it is necessary to have certain minimum taxable sales i.e.Rs5 lakhs in a year.A voluntary registration is also done expecting the minimum sales in a year.So,the conclusion is without taxable sales no registration under a vat Act is necessary and it will not be issued. Now,in the computerised administration system,a registration will be automatically cancelled when nil returns are filed for a long period....mjk

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