Vat
This query is : Resolved
30 November 2012
I opening new small manu. business. i want to take TIN no.
if i received tin no and i sale good without tax till 5 lakhs so it possible because limit availabe 5 lakhs.
if i received tin no and i sale good without tax till 5 lakhs so it possible because limit availabe 5 lakhs.
30 November 2012
Once you cross sale or purchase above 5 lacs, you are under oblication to make application within one month.
30 November 2012
If the party wants a VAT invoice from you, after obtaining TIN Number, you can issue the same collecting VAT, even if the turnover is below 5 lacs. The point is you have to deposit the tax so collected to the department without fail.
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