Vat

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Sir ji agar hm VAT wala item lekr manufacturing kr rhe h pr Finishid goods exempt h toh hmko VAT ragistration krana jaruri h....iske liye kya maintain krna padega
Replies (3)

sir,

vat no lena hoga
aur sales , purchase maintain karni hogi

www.mytaxfiling.in

DEAR SIR ,

I THINKS VAT REGISTRATION IS COMPULSORY FOR A MANUFUCTURE FIRM

Dear Sir,

Only a dealer/manufacturer liable to pay tax/vat is required to register themselves. Since the final product which you are going to produce is exempt from tax, therefore you are not required to take registration under VAT.

If you are willing to take registration, then on which basis you apply for the same, because there is condition under VAT that you have cross TAXABLE TURNOVER of prescribed amount i.e. Rs. 5 Lakh.

On the other hand you willing to take voluntary registration, then you have to show on which item you about to pay tax to the State Government because if you are thing to take registration for VAT related FORM (C Form, Road Permit) only, then the prescribed authority will reject your application for the same.

I think it will help you.

Regards.


CCI Pro

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