Mvat return of last year

Dear Santosh

Limit of Rs.5 Lakhs or Rs.10 Laksh is applicable for perticular FY. Therefore you forget about FY 2013-14. 

Registration allotted on turnover basis i.e. crossing Rs.10L. Now you have to exepmt sales for Tax of Rs.10L and should charge and remite tax from Sales of Rs.10,00,001. 

Second think which is complecated is setoff for sale. Please bifurcate if possible purchases relating to sales of Rs.10L and do not take credit of same however you are eligible to take credit of purchases for those items on which VAT is collected irrespective of date of purchase.