Mahavat registration

One client has a retail garment shop 

Last yaer ( 2013-14) annual turnover crossed 15 lacs

Already this year purchase is 4.5 lacs (April - jUly 14)

Shall i go for voluntary registration?

If compulsory registartion then , do i need to pay on pre registration purchase amount vat?

Set off of pre registration will be allowed ?

Shall i advise him to start a fresh set up so that old mess is ignored?

Replies (1)

You are liable for compulsory registration since the turnover will soon cross 5 lacs.

You will not be liable to pay VAT on pre registration purchases.

You will not be eligible to take set off for the purchases made during unregistered period.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details