Vat registration for chemist
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 November 2016
Is threshold limit of 40 lakhs is applicable to retail pharmacist. And is he assessable under 44AD, If yes is he required vat registration
CA ANKIT GUPTA
(Expert)
02 December 2016
Hi,
First specify the state in which Chemist is working as VAT provisions vary from state to state.
Feel Free to reach us at www.emunshe.com, ankit@emunshe.com, +91-9811985576
First specify the state in which Chemist is working as VAT provisions vary from state to state.
Feel Free to reach us at www.emunshe.com, ankit@emunshe.com, +91-9811985576
Dhirajlal Rambhia
(Expert)
04 November 2021
For any turnover below 40 lakhs, no GST registration mandatory, and he can file IT return u/s. 44AD.
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