Registration required or optional

VAT (Legacy) 611 views 10 replies
dear all my uncle doing business trading of clothes. buy from supplier and sell to individuals at margin. During the year sales made to customers around 10 lakes. is it compulsory to register under vat or if not registered what are consequences please explain
Replies (10)
Which state are you talking about ?

apply karo

In case you are talking w.r.t the Maharashtra state, the turnover limit of sales or purchases for registration is Rs.10 lacs.
Sir, if u don't go for the the registration then you cant avail the Input Tax Credit.
In Rajasthan vat registration is required when T/O goes up 9 lakh .
Limit differs from each state...its 10 lacs in karnataka......if turover more than limit regn compulsory
As said by above friend that limit differs state by state.In the state like Maharastra the turnover limit is 10 lacs. Registration is compulsory for those dealer whose turnover exceeds 5 lacs or 10lacs as the case may be. In case a dealer does not register himself under the VAT Act, he can not avail tax credit and this would consequently increase his cost , thereby reducing profit. Regards SONU JHA
In tnvat turover near more than limit regn compulsory.. if u don't go for the the registration then you cant avail the Input Tax Credit.
In karnataka and if not done registration Wat r the consequences ???
Which state yout uncle is doing business?


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