please explain The turnover limit for registration under mvat - it says turnover of taxable goods is atleast Rs.10000 or more. What does it mean ? sir , Can you illustrate with example.( The 2nd limit is total turnover exceeds Rs.10 lacs which is easily understandable. ) Thanks and Regards Raj C Doshi
The turnover of taxable goods should be exceeding rs.10000 in a year means that the goods purchased should be taxable as per the mvat act (eg..computers taxable under schedule c of the Mvat Act) and not exempt....
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