Sales tax registration limit
This query is : Resolved
21 September 2013
Dear Sir
I am small trading company.
One is partnership (myself and my wife)
Another one is proprietor concern.
My purchase is Rs. 3 lakh and sales is Rs.4.5 lakh.
It is compulsory to register my concern in sales tax office and obtain VAT number.
or there is any limit for upper sales like upto 5 lakh any exemption for sales tax exemption?
Please clarify sir.
thanks
raghavendra rao
I am small trading company.
One is partnership (myself and my wife)
Another one is proprietor concern.
My purchase is Rs. 3 lakh and sales is Rs.4.5 lakh.
It is compulsory to register my concern in sales tax office and obtain VAT number.
or there is any limit for upper sales like upto 5 lakh any exemption for sales tax exemption?
Please clarify sir.
thanks
raghavendra rao
21 September 2013
Each state has prescribed limit for registration for dealers and manufacturing unit. In your query, you have not mentioned your state. Is it for Tamilnadu?
24 September 2013
Dear sir
Yes sir, I am in Tamilnadu
Yes sir, I am in Tamilnadu
24 September 2013
Rule 4 of TNVAT : Below 10 lacs is the exemption limit for Dealer.
For Others, (manufacturing unit) the limit is only Rs.5 lacs.
-Tamilnadu-
For Others, (manufacturing unit) the limit is only Rs.5 lacs.
-Tamilnadu-
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