Can i proceed without vat in start-up?

359 views 2 replies

I have started new business as a merchant exporter.

My query is, instead of taking voluntry VAT TIN registration, can I proceed without VAT for now?

Primary reason: Starting with a tight budget.

My point is, later when I register for VAT after I reach the obligatory turnover to register for VAT; can I put for claim/refund of VAT paid on purchases for Exported goods? As I said I am trading, what I buy I export it as it is. Can I apply for refund of VAT of exported goods after I get my VAT registration done?

Please guide.

Replies (2)

in My view go for Voluntary which will be hasel free in future proceddings

otherwise maintain all bills so when you go for compulsory you can present to the officer

So what is the difference between the Voluntary and compulsory ? 

Is it the difference between registeration charges that are different.... 

How much amount is required in each scanario... can anyone help with that? 

 


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