Vat on diamond in gujarat

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parth shah (Querist)
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26 December 2013 Hi ....

I want to know whether vat on diamond is applicable in gujarat or not?and if yes at what rate of %?

And....now a days new dealer who is going to take registration under vat is required to obtain both number namely tin and cst or only tin number surve the purpose?

reply immediately......

CA Pallav Singhania

CA Pallav Singhania (Expert)
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26 December 2013 Gujarat Govt. decides to exempt diamond and Zari Sectors from VAT.

VAT CST Registration

Registration under Value Added Tax is governed by the respective State laws. Generally, the application for VAT & CST registration is online.
Documents Required:

Copy of PAN card of the company;
Certificate of Incorporation and

Memorandum and Articles of Association;
Copy of PAN Card and Proof of place of residence of the directors; like electricity bill, telephone bill (two address proofs are required)

Copy of PAN card and address proof of the signatory to the application

Two latest passport size photograph of the authorized signatory;

Proof of ownership/tenancy/lease of the premises of the place from where business is being carried out (Office).

Details of all places of business including branches and go downs in the state of Maharashtra (If any);

Board resolution for authorizing a person to sign documents and represent company for the purpose of VAT Registration;

A demand draft (DD) of Rs. 25,000/- and Rs. 5000/-

POA in favour of a person to file the documents and represent before the department for registration.

MICR code of the Bank Account of the company;

Copy of Cancelled Cheque;

Particulars of the other dealer who will provide the introduction for registration.

List of goods which are traded by the company.

parth shah

parth shah (Querist)
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26 December 2013 thnx dear....but i want to know that whether tin number is sufficient alone or one has to get cst number also along with tin no?

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