I am a registered dealer in tamil nadu, i have tin, but my t

anany karhadkar (Student Others) (41 Points)

31 December 2014

I am a registered dealer in Tamil Nadu, I have TIN, but my turnover is less than the threshold for that of VAT .Do I still have to pay VAT?

Reply
Follow
Share

7 Replies

Amit Kumar (Accountant) (276 Points)
Replied 31 December 2014

Dear if you have register you have to pay you sales tax first and then you can surrneder your tin if you don't want to continue with your tin

anany karhadkar (Student Others) (41 Points)
Replied 31 December 2014

I wish to continue with the TIN, just wanted to clarify if i have to pay VAT from the first sale or when the turnover reaches the threshold.

Varun (none) (379 Points)
Replied 31 December 2014

No need to pay tax until turnover crosses threshold limit...just file a nil return in the prescribed due date(s)

Correct me if i'm wrong friends

ramnath ganesh subramaniam (CEO) (53 Points)
Replied 01 January 2015

Dear , in tamilnadu if you file a NILreturns continuously for 3 months , your sales tax tin number will be disabled

Varun (none) (379 Points)
Replied 01 January 2015

Oh i see...i'm just an ipc student and reside in Chennai...thanx for the info sir.

will help me in my articleship tenure!!

Mitesh M Doshi (Intern) (29 Points)
Replied 01 January 2015

If vat is collected, it has to be paid even if the turnover is less than threshold limit. Correct me if i am wrong friends..

vijayakumar (proprietor) (172 Points)
Replied 25 February 2016

Sir, Vat is collected true.

As per their rules , vat has to be paid on sale only that too what ever collected.

I f there iss not sale -you will accumulate ITC, when you sale you can get it adjusted

Start a New Discussion

view all classess

Forum Home