Regarding mvat resgitration

Mahavat 418 views 2 replies

NILESH ASHOK KULKARNI

FINANCE Consultant

34 Points Joined September 2012

Hi,

I want to register my client under MVAT TIN number. My question is

1) We are not maintained books of account yet..but we will maintain it after year end and fill income tax return (He is retailer)...Is it Okay for registration purpose??

2)Now his gross purchase is around 5 lac within Maharashtra and OMS Purchase is 40 Thousand....Is it Okay for registration purpose??

Please guide me how I can proceed further...

Replies (2)

CA Raj Doshi

Practising CA

8944 Points Joined December 2013

Turnover limit is more than Rs.10 lacs for mvat registration. If the same is not crossed and In view of upcoming gst, suggest you to wait till budget is out. Because unnecessary you will register under VRS and deposit 25000 Rs. Better not to register if the business of retailer is not affected because of not taking VAT TIN. Entire guide available on that official website

CA Raj Doshi

Practising CA

8944 Points Joined December 2013

Guide to registration available on official website of Maharashtra vat. Please write Request ID which is generated after the 1st step while submitting online aoplication.. Otherwise your work will increase and even the time spent.