Regstration of company : mvat and cst

MVAT Registration Turnover Limit:

Every dealer is require to get register compulsory under MVAT, whose turnover is exceeds the prescribe limit as mentioned under section 3 (4) of MVAT Act. The turnover limit for the purpose of MVAT registration is given below:

Here importer means the dealer who purchases the good outside the state of Maharashtra. The turnover limit of Rs. 1 lack or Rs. 10* lacks is including turnover of all sales whether taxable or tax free.  However turnover limit of Rs. 10,000 is in respect of taxable goods whether purchase or sold.

The dealer can also get registered under MVAT voluntarily if he does not cross the turnover limit under section 3 (4). But for voluntary registration dealer is require to pay Rs. 25,000 as a deposit and Rs. 5,000 as a fee.