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
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Requirement for registration under gujarat vat for tax free
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| Originally posted by : SHEKHAR BANSAL | ||
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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 |
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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.”
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[*Schedule I specifies goods, the sales/purchase of which are exempt from tax.]
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Note: Kindly confirm that whether the goods mentioned by you are covered in Schedule I or not.
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