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Registration under dvat

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This query is : Resolved

ATUL ANAND (Querist)
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12 September 2011 Can one proprietor make the three or four prorietorship firm under the different names and can register all firms under DVAT. Please clarify also section of the DVAT.

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

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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13 September 2011 You may get separate registration number but generally it is not allowed. VAT registration number will be same as it is based on the PAN Number. Thew rate of taxes shall be as follows

Rates of Tax

The DVAT Act prescribes the following rates of tax on different types of goods:

1. 1% Rate: Goods listed in the Second Schedule

2. 4% Rate: Goods listed in the Third Schedule

3. 20% Rate: Goods listed in the Fourth Schedule

4. 12.5% Rate: Goods involved in the execution of works contract

5. 12.5% Rate: Any goods not mentioned in the Second, Third, or Fourth Schedules above, or in the First Schedule (exempted goods).

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