Gujarat Vat

Registration: For Value Added Tax Act, 2003

1)      Types:

Compulsory: (section 21)-If the total turnover during the year immediately preceding the appointed day exceeded Rs 5 lakhs and whose taxable turnover exceeded rupees ten thousand in a year.

Voluntary: (section 22)-On making a deposit of Rs 25,000 which can be adjusted against tax liability

you can issue invoice as an unregistered dealer. 

Thanks for your reply.

Is Mr. X not liable under casual dealer category to whom only 10000 limit applies ?

IS LACES (W/WO EMBROIDERIED STICHED ON DUPPATA or ETC...) TAXABLE UNDER GUJARAT VAT? IF YES WHICH TAX RATE APPLICABLE?

THANKS 

State Finance Ministers decide on 7.1.2002 to introduce VAT from 1.10.2002. Steps taken by Gujarat for tax reforms: Slabs of sales tax rates reduced from 23 to 6.