What is vat vrs and vat regular

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Prahlad (Querist)
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30 January 2016 I have been trying to register vat using https://mahavat.gov.in/Mahavat/index.jsp site after a point we have to choose between Vat regular and vat vrs where vat regular require deposit and vat vrs does not

Can somebody explain difference between those two

Deesha Shah

Deesha Shah (Expert)
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30 January 2016 VAT Regular is registartion of VAT Voluntarily and VAT VRS is compulsory vat registartion. VAt regular can be done if the dealer wants to do it voluntarily, whereas VAT VRS has to be done if the turnover of sales exceeds the prescribed limit.

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