HEMANT MEHTA (Mehta Associates) (4 Points)
24 November 2016
www.CAjodhpur.com
(CA)
(27 Points)
Replied 24 November 2016
Its totally depend upon the turnover
If business having less turnover, than he can adopt the scheme rupees five hundred for every rupees two lac or part thereof
But if business having more turnover , than he should adopt main VAT registration so that he can take input credit .
In our opinion goldsmith should adopt normal registration so that he can take input credit
HEMANT MEHTA
(Mehta Associates)
(4 Points)
Replied 25 November 2016
Dear sir
If adopt the scheme rupees five hundred for every rupees two lac or part thereof what is this scheme
And If we go for normal turnover what is rate of vat
By the way he has turnover of 15 lakh
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