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Vat queries for eyewear business

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Martin King

Director

40 Points Posted on 17 October 2015

1) What are the government charges to apply for VAT + CST in Delhi.

2) With reference to online eyewear/ eyeglasses business, how much VAT I should charge from my customers in Delhi and Outside Delhi ?

3) Can I file the VAT/ CST returns myself by visiting the prescribed banks? Is it a complicated procedure? What documents will I be needed at that time?

4) Since mine is a very small business, what all accounting books should I maintain initially?

Replies (1)

Deepak sharma

Learner

889 Points Posted on 23 January 2016

1) Government Fees is Rs 1025/-

2) VAT on Eyeglasses is @ 12.5%

3) VAT /CST Returns should be file online and hard copy of the same should be submitted at DVAT Department within a due date . If you have DSC (Digital Signature) you dont need to submit hard copy at department.

4) Records of the Purchase / Sale Bill and Receipt & Payment received / made against the Bills should be maintained properly.

Thanks

Deepak Sharma

consult4vat @ gmail.com