Some Documents required for MVAT Registration -
1. Month wise Purchase and Sales Summary and bill wise Sales Statement/ Purchase statement for the month in which threshold limit of turnover of sale/purchase (in cases where Purchase Tax is leviable} exceeded the threshold limit.
2. Sale Bill/Purchase Bill (in cases where Purchase Tax is leviable) on which threshold limit exceeded.
3. Lorry/transport receipt of purchase of imported goods(in case of importer)
Facts of the case -
Assesse has Outside Maharashtra Purchases of Rs. 1 lacs..
Assessee has sales turnover of over Rs. 5-6 lacs..
Assesse has sales bills/ purchase bills but those are not TAX Invoices but retail invoices
Assesse has Transport receipts..
But Assessee does not have Requirement no. 1 that is -
1. Month wise Purchase and Sales Summary and bill wise Sales Statement/ Purchase statement for the month in which threshold limit of turnover of sale/purchase (in cases where Purchase Tax is leviable) exceeded the threshold limit.
Does he need to prepare the above in Tally??
Or rough summary/statement kept in a register will suffice??
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