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Tn vat

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gowri srinivas

Student CA Final

33 Points Posted on 24 December 2014

Thanks in Advance,

Can any one knows please tell me Under which head Exported Sales turnover will come.

i. First Schedule part-A

ii. First Schedule part-B

iii. First Schedule part-C

iv. Turnover under section 7(1)(a)

v. Turnover under section 7(1)(b)

vi. Goods sold at a concessional rate of tax (covered by a notification) *

vii. Second Schedule Goods

viii. Others, if any, specify

Replies (3)

ANUSHA

student

22 Points Posted on 09 January 2015

if a person dealing in vegitable business the turn over is exceeds rs. 1000000, whether he is liable to pay sales tax?please give me a suggession and what is the limit under tnvat act

gowri srinivas

Student CA Final

33 Points Posted on 09 January 2015

Turnover limit under TNVAT is Rs. 1Cr and U need to refer schedules given under TNVAT Act in order to know whether vegetables business is covered under TNVAT or not

gowri srinivas

Student CA Final

33 Points Posted on 09 January 2015

No need to register under tnvat for vegetables business even though turnover exceeds Rs. 1cr ( means there is no sales tax liability on vegetables goods)