Registration of vat
This query is : Resolved
30 July 2013
Can a trader register his business under Karnataka VAT, even if his turnover is less than the mandatory limit of Rs 5 lakhs, for VAT registration?
Reason for wanting to Register under VAT: The trader wants to register under VAT for the better prospects of his business, as reputed Biz entities and Govt Organisations usually do not have any transactions with traders , who are not registered under VAT ( Unregistered dealers ) as they would not get Input credit for the purchases made from these, unregistered Dealers..
Read more at: https://www.caclubindia.com/forum/karnataka-vat-registration-257303.asp
Reason for wanting to Register under VAT: The trader wants to register under VAT for the better prospects of his business, as reputed Biz entities and Govt Organisations usually do not have any transactions with traders , who are not registered under VAT ( Unregistered dealers ) as they would not get Input credit for the purchases made from these, unregistered Dealers..
Read more at: https://www.caclubindia.com/forum/karnataka-vat-registration-257303.asp
30 July 2013
Yes he can do it voluntarily and do all formalities accordingly
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