Wether vat reg is compulsory for kerosine dealer?
This query is : Resolved
Lalit Tank
(Querist)
30 March 2012
Sir, I want to know know that whether to Registration under VAT is compulsory for Kerosine Dealer or Not???
Prakash Kochar
(Expert)
02 April 2012
A dealer whose turnover exceeds the prescribed limit i.e. Rs. 5 lacs (sale) as reseller, having turnover of taxable goods of Rs. 10000/- is under obligation to hold registration under MVAT.
Kerosine dealer having local turnover of resale exceeding Rs. 5,00,000/- is liable for registration under M VAT.
Kerosine dealer having local turnover of resale exceeding Rs. 5,00,000/- is liable for registration under M VAT.
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