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.
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
- Opting our of sec 44AD
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Value of property in capital gain
- Form 121 & TDS deduction
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
