Retail garment business
This query is : Resolved
25 November 2014
We have a shop in andhrapradesh which was given a trade license for selling aquariums, now we are planning to start a retail ready made garments business in the same shop removing the aquariums, should I take a trade license again and second doubt is we are purchasing these garments from bangalore from an unauthorized dealer who doesn't have any vat no., all he can give is a bill with his shop registration number on it. In this case should we apply for vat registration and cst registration. The total worth of goods is very less, it would be like one and half lakh rupees so should I charge customers with vat and other taxes. Please enlighten me and advice me a safest game that I can play without burning my hands. Please respond ASAP. Thankyou
25 November 2014
You can get the trade liscence changed with the inclusion of new business into it.
If you are NOT registered with VAT, do NOT charge VAT in your sales invoice.
You need to decide if you need to have VAT registration.
If you are NOT registered with VAT, do NOT charge VAT in your sales invoice.
You need to decide if you need to have VAT registration.
25 November 2014
My turnover would be very less, and i am not registered with vat so I wil do as you say but as we are purchasing from a different state, some people are guiding me to register for vat mandatory. Is it so? Please help
25 November 2014
You need to check that limit with APVAT consultant around you.
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