Vat

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Milan (Querist)
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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.

CA Brijesh

CA Brijesh (Expert)
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30 November 2012 Once you cross sale or purchase above 5 lacs, you are under oblication to make application within one month.

RENGARAJ R.K

RENGARAJ R.K (Expert)
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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.