Registration Under VAT & COT
This query is : Resolved
CA Ganesh Karthik
(Querist)
11 November 2009
Can anyone let me know if Registration is possible under both VAT as well as Composition tax under the KVAT Act?
CA. B.SRINIVASULU
(Expert)
11 November 2009
Both are not possible for same type of activity, either you have to choose VAT or COT.
If you are doing two types of business wherein at one unit vat is attracated and at other unit cot is attracted then you have to obtain two seperate registrations under the same company - one for vat and one for cot.
If you are doing two types of business wherein at one unit vat is attracated and at other unit cot is attracted then you have to obtain two seperate registrations under the same company - one for vat and one for cot.
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