Assessee has "OUTSIDE OF MAHARASHTRA" PURCHASES of steel (from different parts of India) for about 4-5 lacs..
Asssessee sells the finished products after manufacturing within Maharashtra...
Business was started in the FY 16-17...
Sales Turnover till date is 5-6 lacs and NOT likely to cross 10 lacs by the end of 31st March, 2017
Can assessee apply for COMPULSORY VAT REGISTRATION based on "outside maharashtra" purchases crossing 1 lacs??
Or will the assesse have to wait for SALES turnover to cross 10 lacs before applying for COMPULSORY VAT REGISTRATION??
Is VOLUNTARY VAT REGISTRATION THE ONLY OPTION left for the assesee??
CAclubindia
