Vat liability if turnover below rs.500000/-
This query is : Resolved
CHIRAG R AHUJA
(Querist)
07 September 2012
DEAR SIR/MADAM,
IS THERE ANY LIABILITY TO PAY VAT IF TURNOVER OF FIRM IS BELOW RS.500000/-
IS THERE ANY LIABILITY TO PAY VAT IF TURNOVER OF FIRM IS BELOW RS.500000/-
MJ Krishnamurthy
(Expert)
07 September 2012
Mr Chirag RA
If this entire sales is within a state only, in a year, then there is no liabilityof VAT.If the dealer is engaged in interstate sale,inport and export,then thid sale becomes taxable.
If this entire sales is within a state only, in a year, then there is no liabilityof VAT.If the dealer is engaged in interstate sale,inport and export,then thid sale becomes taxable.
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