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When should i apply for vat/cst

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HARMAN

director

21 Points Posted on 09 June 2012

I WANT TO START A STATIONARY ITEMS WHOLESALE BUSINESS IN CHANDIGARH FROM MY HOME ITSELF AND MY SUPPLIER FOR THE SAME IS IN DELHI.

HE WILL SUPPLY ME THE ITEMS WITH PROPER BILLS.

BUT I AM CONFUSED HOW TO SELL THOSE MY LOCAL DEALERS i.e HOW SHOULD I GIVE THEM A BILL? I DONT HAVE HAVE TIN OR DIN NUMBER. DO I HAVE TO APPLY FOR IT? OR IS THEIR ANY OTHER ALTERNATIVE. WLL A SIMPLE HAND WRITTEN BILL WITHOUT ANY VAT WILL DO? MY ANNUAL TURNOVER WILL NOT EXCEED 1 LAKH.

KINDLY HELP ME OUT ON THIS PLEASE.

Replies (1)

MJ Krishnamurthy

ACCT(Retd)

5757 Points Posted on 10 June 2012

There is no limit of taxable quantum for registration for a dealer who purchases goods from outside the state.If you are buying any goods from outside the state you have to immediately register and issue tax invoices for all sales,collect tax and pay to the government......MJK