Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Registration under MVAT

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2011 A person in Maharashtra planning to start a business expects his very first sales invoice value to be of 10 Lac but he cant issue an invoice unless he is registered under MVAT.Unless he issues his first invoice he doesnt crossed the threshold limit.Now,if he opts for Voluntary registration, he is required to pay 25000 as deposit & Fee 5000 whereas in case of threshold registration the Fee is 500 Only. Is there any way he can get threshold registration & thus avoid paying deposit & also save Rs.4500?

Ravikant

Ravikant (Expert)
Follow

17 June 2011 Please follow the Law,,,

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

20 June 2011 Mr. Author,
There is no way to make a high value sale without proper tax invoice which should have a registration number. Therefore you should go for voluntary registration and pay fees and deposit as per law.
MJK

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now