Go AD-FREE with CAclubindia PRO. Use Code: CADAY10. Subscribe Now!

Regstration of company : mvat and cst

Dimpy Mody (Student) (24 Points)

10 February 2016

I have to register my company under Mvat and cst to get Tin number. I did not seek for any. Ca or tax expert since it can be done online through mahgov.in site. The only thng where i am stucked is what reason shud i select for registration... VOLUNTARY OR TURNOVER EXCEEDING THE LIMIT. AM CONFUSED... Pls help me. My company is on proprietor basis.

Reply
Follow
Share

1 Replies

Proud to be Indian (Articled) (65 Points)
Replied 11 February 2016

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:

Category of Dealer	Turnover	Turnover of taxable good purchase or sold
Importer	Rs. 1,00,000	Rs. 10,000
Other than Importer	Rs. 10,00,000*	Rs. 10,000

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.