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Vat registration for pharmacy
Dear Sir,
I am new join in Hospital Sector and i have some doubt about hospital pharmacy store, weather, It is mandatory vat registration for pharmacy store or not.
This is a new Hospital, and pharmacy is also a part of Hospital.
Pharmacy have already crossed sale of Rs.10 lacks
can we run pharmacy without registration? or is it mandatory a registration number?
Please suggest me.
Replies (1)
No, you cannot run pharmacy without VAT registration, when sales has crossed, 10 lakhs.
VAT is state subject, having variable limits across different states, so check basic exemption limit in your state and accordingly comply as per the law.
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