Hello Sir, Can you please tell new traders who did not have VAT number till now need to apply for VAT number in their State or GST number or both ?
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New trader to apply for vat or gst number ?
Replies (5)
GST still not applicable. So before implementation of GST you are required to register for VAT &/or Service Tax, whichever applicable.
Hello Sir, If we register for VAT now, will it become dis-functional after GST ? I think it is only matter of months now
It will be transferred to GST registration. If you are liable for registration under VAT act now, you must. You cannot escape. All the registered dealers under VAT along with service tax, excise etc. registered entities will be automatically migrated to PAN based GST assessee.
Hello sir , how can I take no under vat if I purchase goods of 15 lacks on 31st march 2017.
Well, registration is on sells basis, rather than purchase, but for input credit over the goods in stock, you will have to plan earlier.
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