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Requirement for registration under gujarat vat for tax free

VAT (Legacy) 723 views 1 replies

if a person does only trading of exempted goods like rice bran and de-oiled rice bran and having turnover above of Rs. 10 Lacs. then whether he is liable to vat registration under VAT Act in Gujarat . 

Read more at: /forum/vat-registration-liability-in-case-of-exempted-goods-dealer-288510.asp#.U1zztPmSzwg

Replies (1)
Originally posted by : SHEKHAR BANSAL
if a person does only trading of exempted goods like rice bran and de-oiled rice bran and having turnover above of Rs. 10 Lacs. then whether he is liable to vat registration under VAT Act in Gujarat . 
Read more at: /forum/vat-registration-liability-in-case-of-exempted-goods-dealer-288510.asp#.U1zztPmSzwg

As per sub-section (2) of section 21 of the The Gujarat Value Added Tax Act, 2003, “A dealer dealing exclusively in goods specified in Schedule I* shall not be liable for registration.”
.
[*Schedule I specifies goods, the sales/purchase of which are exempt from tax.]
.

Note: Kindly confirm that whether the goods mentioned by you are covered in Schedule I or not.


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