Hello
Can you just clarify on the following isuue:
Q. If a dealer is registered under DVAT ACT(local + central) whether he can avail basic/small dealer exemption limit Rs 20 lac ? IF YES, means no need to charge & pay tax to govt upto Rs 20 lac ?
Hello
Can you just clarify on the following isuue:
Q. If a dealer is registered under DVAT ACT(local + central) whether he can avail basic/small dealer exemption limit Rs 20 lac ? IF YES, means no need to charge & pay tax to govt upto Rs 20 lac ?
Sorry bro, if registered then there is no exemption.
Moreover the exemption for unregistered is not 20 lac but only 5 lac if I am correct or 10 lac.
and that even for intra state.
No exemption for inter state transactions.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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CAclubindia
