Urgent query
This query is : Resolved
25 February 2012
An assesse shows his income from retail business U/s 44AD (he is engaged in retail grocery business) His turnover for the year is 16,48,000/-, whether he is liable to get registered himself under sales tax Act and also for paying sales tax.
25 February 2012
Generally yes, for immediate registration.
BTW it depends upon in which state he is doing he business
BTW it depends upon in which state he is doing he business
25 February 2012
General VAT has prescribed a Turnover of rs.5 lakhs as basic exemption, should the turnover exceed 5 lakhs he shall be liable to register with the VAT authorities. Also it is advisable to see the state act for the basic limit for registration where the dealer is doing the business,,
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