One of my client is registered under VAT. His total turnover is less than for the past 3 years and has not paid tax on the assumption that he is not liable to tax since his turnover is below 2 lacs. But the officer has issued notice for payment of tax. Is he correct. clarify
Menu
LIABILITY TO TAX
Replies (1)
No i think he is not liable to any tax if he does not obtain turnover more than 5 lacs
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
