Vat registration for builder

Dear All,

Pls lite on this topic:-

We are in construction business in UP and making a multi storied apartment here. We  are doing this business by Pvt. Ltd Firm and having  service tax registration .  some days ago some people from development authority  comes on construction site and ask for sale  tax registration which we do not have yet. However we do not sale a single unit yet but get some  Partial Payment (advance) from clients

So pls suggest us if we get registration now , is there any penalty lies on us.

Thanx

Replies (3)

if you have business and its come under VAT than you should to need to Sale tax No as per you are not sale a single unit but you also purchase material for construction so thats you need to Sale tax No for purchase also and after getting sale tax no you purchase the goods at Low tax rate 

Thankyou very much sir for your suggestion.

could you pls suggest me something about penlty applicable on us if any.

SIR - I HAVE PLANNED TO START MY BUSINESS (FLAT PROMOTING) - AROUND 5-6 FLATS IN A GROUND , PL SUGGEST ME ITS APPLICABLE TO PAY SALES TAX / VAT / TIN REG- PL GUIDE ME REG THIS -

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