Registration under d-vat mandatory for composition scheme
This query is : Resolved
28 October 2012
Respecteds,
As per V.A.T Act,any one eligible for Composition Scheme minimum after 1 year of starting business.
Then Any dealer dealers cross the minimum exemption limit in his Starting year of business,
then it should be mandatory rejistration for him before claiming Compostion Scheme or Not?
Please signify?
Thanks & Regards
Shashi Shankar Sharma
As per V.A.T Act,any one eligible for Composition Scheme minimum after 1 year of starting business.
Then Any dealer dealers cross the minimum exemption limit in his Starting year of business,
then it should be mandatory rejistration for him before claiming Compostion Scheme or Not?
Please signify?
Thanks & Regards
Shashi Shankar Sharma
28 October 2012
Composition Scheme
•The composition scheme is an elective option which can be exercised by making an application in Form DVAT 01 within 30 days from the first day of the beginning of the following year i.e. by 30th April. The option may only be reversed after the end of the year for which the option is made. The application for the reversal of the election for this scheme is made in Form DVAT 03 within 30 days from the first day of the beginning of the financial year.
•Separate Composition Scheme are available for the dealers dealing in bullion, medicine and works contracts
•The composition scheme is an elective option which can be exercised by making an application in Form DVAT 01 within 30 days from the first day of the beginning of the following year i.e. by 30th April. The option may only be reversed after the end of the year for which the option is made. The application for the reversal of the election for this scheme is made in Form DVAT 03 within 30 days from the first day of the beginning of the financial year.
•Separate Composition Scheme are available for the dealers dealing in bullion, medicine and works contracts
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
