Online selling...

   Mr Setty,

   You have not mentioned the state in which you are operating.However,in many states like Karnataka vat wiil be levied on the sales of dealers who are liable to be registered i.e.whose sale exceeds Rs5 lakhs.This condition applies to those who are making all purchases locally from regsitered dealers and also sell locally. If you make any interstate purchases or sales this limit does not apply.From Re1 / you have to register.Under any VAT Act how this on-line sale is treated is not known. If it is treated as a casual trader then also a registration is required immediately When you have take up regn you have to collect tax on all sales deduct input tax and pay the balance......mjk

Hi KrishnaMurthy Ji,

Thanks for the mail...

I am an individual and operating in karnataka...(Buy the stock from wholesalers and sell it online)

Thanks