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Need advise on MVAT with basics

Mahavat 1041 views 1 replies

Mehul

Partner

24 Points Joined January 2011

Hi Guys,

I need your advise on MVAT. I am about to start a trading business of auto machine tools mainly used by tyre dealers. The product will come from Gujarat and I will be selling in Maharashtra.

My questions are....

What are the type of resigtrations I would need?
When should I register for VAT? Can I start my business right away and apply with the prescribed limit is achieved?
Can I issue invoice right away without registration and wait till the prescribed limit is achieved and I apply/get and VAT certification?
How to deal with inter state purchase?

Apologies for so many questions but I am totally blank on taxation part.

Many thanks in advance.

Regards

Mehul

Replies (1)

Guest

There r two type of regn, first compulsory regin. When ur sale exceeds Rs.500000, then u must apply for registration for mvat no. within one month from the date when ur sales exceeds the limit of Rs.500000. Second, voluntary regi., U can get mvat no. Immediatly irrespective of ur sales. I suggest to u that start ur business & get mavt no as early as possible so u can issue tax invoice by valuntary regin. For regin. Procedure visit my profile u will get full information. Also the mvat no will get immediatly without any problem in case of valuntary regin. Without vat no. u can't issue tax invoice. But take advoice of experiance person before this. Also apply for cst no with this.