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Vat regulation on sale of groceries on- on line e portal

Mahavat 711 views 1 replies

We are Planning to launch on line E Portel for Sale of Groceries, Health care, personal care , homecare etc Procucts. We would be procuring goods from Whole seller / Distributors.

 

1)I would like to know MVAT requirements.

 

2) Whether VAT number is require ? If  yes then whether immediately or after reaching certain limits.

 

3) Whether composition scheme is applicable? then at what percent ?

 

Replies (1)
your query clearly explains it as a trading business of groceries,etc Vat registration number is required only if turnover crosses a limit of 500000 . However you may go for voluntary registration No composition scheme available for trading business.... ok .....


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