Tn vat

VAT (Legacy) 423 views 3 replies

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)

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 

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
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)


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