Remember | Register | Forgot Password?
Bookmark This Page   RSS Feeds  Follow On Twitter

 

Search for Lawyers          
    



Please Wait ..


Discussion > Taxation > VAT > VAT in U.P. ,registration procedure   Unanswered Threads Post New Topic

Pages : 1 2


There are 13 Replies to this message


Vishwanath tripathi


Advocate
[ Scorecard : 327]
Posted On 03 March 2008 at 00:49 Report Abuse

dear members, will any person provide me detailed informations regarding VAT,why registration required,what is the procedure ,what are the benefits,if not registered what will happen.


Online certification courses in IP, IT and Social Media laws


Prakash Yedhula


Lawyer
[ Scorecard : 23423]
Posted On 03 March 2008 at 08:09 Report Abuse

VALUE ADDED TAX

Frequently Asked Questions

1. What is VAT?

VAT is a multi point levy where the tax paid on local purchases from the registered dealer can be set off against the tax payable on the sale of goods,
other than special goods.

2. How is the method of calculation of determining the tax liability under the present Sales Tax system different from this method ?

In the present Sales tax system, tax liability of a dealer for a particular period is determined using the multiplication method i.e. The taxable turnover of a dealer for a particular period is multiplied by the rate of tax
applicable to that turnover. In VAT, the method adopted is Input Tax Credit method as stated above. This is the only difference between the present Sales Tax system and the VAT.

3. What are the taxes that will be replaced by VAT?

General Sales Tax, Resale Tax, Surcharge, Additional Sales Tax will be replaced by VAT. The Central Sales Tax Act, 1956 regulating the inter-state transactions of sale and purchase will continue. The Entry Tax on Vehicles
and Goods will continue.

4. What are rates of tax under VAT?

The rates are 1%, 4% and 12.5% on goods eligible for input tax credit.

5. Is there any special rate of tax other than above 3 rates?

Yes. There are special rates of tax on certain goods which are kept out of VAT. No input tax credit is allowable for these goods.(e.g) Petrol

6. Who are dealers under VAT?

A dealer is a person who purchases, sells, supplies or distributes the goods in the course of his business for valuable consideration. The VAT Act includes:

(1) Local authority, Company, Hindu undivided family,
Association of persons, Firm (2) Casual trader, factor, commission agent, delcredere agent, auctioneer, local branch of the firm or company situated outside the State
(3) Person who effects transfer of property in goods other than by way of sale (4) dealer in hire purchase, works contract, person who transfers right to use the goods
(5) Dealer in eatables including food and drinks (ie., hotels, restaurants and sweet stalls).(6) Port Trust, Railway Administration, Shipping, Transport and
Construction Companies, Air Transport Corporation and
Airlines. (7) Any person holding permit for transport vehicles (8) Tamil Nadu State Road Transport Corporation
(9) Customs Department, Insurance Company, Advertising
Agencies (10) Corporation or Companies of State and Central Governments

7. Who are liable for Registration?

1) Those dealers whose total turnover in respect of purchase and sales in the State is not less than Rs.10 lakhs for a year are to get registered under the Act.

2) The other dealers whose total turnover for a year is not less than Rs.5 lakhs shall get registered.

3) Casual Traders, agent of non-resident dealer and dealers in jewellery irrespective of quantum of turnover shall obtain registration.

4) Those dealers who intend to commence the business, on option, may obtain registration.

8. What is the Registration fee?

The registration fee is Rs.500/- for principal place of business and Rs.50/- for each additional place of business. (Branches, Godowns). No Security Deposit is necessary for Registration, for dealers. There is no renewal of registration under VAT and it is permanent till it is cancelled by the Department or on stoppage of business when reported by the dealer. No security deposit is necessary for Registration.

9. Who is the registering authority?

Head of the assessment circle in whose jurisdiction the dealer’s principal place of business is situated.

10. What is TIN?

The registration number allotted to the dealers is popularly known as TIN i.e. Taxpayer Identification Number. This is a eleven digit number to be quoted in all VAT transactions and correspondence



Vishwanath tripathi


Advocate
[ Scorecard : 327]
Posted On 03 March 2008 at 08:17 Report Abuse

thanks a lot. Mr. yedhulaprakash ,informaton on VAT is very helpful.


Guest


n/a
[ Scorecard : 12798]
Posted On 16 March 2008 at 11:03 Report Abuse

the upvat registration fees is just Rs100


Ravi Kumar


Lawyer
[ Scorecard : 104]
Posted On 01 August 2008 at 11:38 Report Abuse

INPUT TAX CREDIT:-


The Input Tax Credit (ITC) of full amount of input tax shall be allowed to every dealerliable to pay tax in respect of capital goods purchased on or after the date on which dealer becomes liable for paymet of tax, if such goods are to be used in manufacture of any taxable goods except non-vat goodsand where such manufactured goods are sold within the state, in the course of inter-state trade or commerce or in the courcse of export of goods out of the territory of India or transffered or consigned outside the State otherwise than as a result of a sale.



balakuamar


owner
[ Scorecard : 22]
Posted On 22 December 2010 at 18:15 Report Abuse

i am doing bying selling business for the last 2 years without any registration.now i almost lost

3.5crore order. why ? with out any govt.authroriation. like regis or vat.

so i go for properitor registration even lawayer are not confident for those registration.they said go for partnership .ok than went to stamp vendor they are having draft for deed .

but the bankar says,we need deed and certificate of partner ship registration.than i go for govt registration deportment site and make a print and copy(cd) hand over to the stamp vendor

the process still on going the stamp vendor waiting for registerar result.

2. vat:its differ state to state or not

in here we need commercial building rentel agreement,and electricity card (its a rentel card in owner name)

but these are not specified in the government website ( for eligiable)

why thery there not given vat redence based new enterpruner  

we are having experience in business , having ration card,voter id, pan card.(sb account 10years)

i suffer lot for the government relus and regulation.

 

thanks

bala

chennai



Priyanka Sanchania


Sub-broker
[ Scorecard : 74]
Posted On 23 September 2011 at 18:29 Report Abuse

Dear Sir, would like to know, payment method of registeration fees.Is it payable at any bank branch. Say, if it is for UP VAT registeration and i want to pay registeration fees from Mumbai..how to do it? Also what documents are necessary to carry along with?

Also how to find circle office? can we go to any office location within UP for documents submission or to district office only? please guide...



Pradeep Shukla


Student
[ Scorecard : 22]
Posted On 31 August 2012 at 10:58 Report Abuse

I had asked a lawyer about vat registration in ghaziabad, he told me that the approximation charge will be around RS.9000.

I sit true?
Please reply



Binod Kr. Sinha


Service
[ Scorecard : 27]
Posted On 09 January 2013 at 16:58 Report Abuse

Sir, I wnat to change my sales tax authority from Kanpur to Noida . I have Registered office and warehouse at kanpur and manufacturing Plant at noida. I want toshift my sales tax territories from kanpur to Noida. please let us know the procedure i have to follow. Please brief me detail regarding change the sales tax office and procedure i have to follow



V.Devananda Narasimham


Advocate
[ Scorecard : 214]
Posted On 09 January 2013 at 19:51 Report Abuse

Please refer Sec.17 andm 75 of the UPVAT Act, 2008




Related Files



Previous Thread
Previous
Next Thread
Next

Related Threads


Post your reply for VAT in U.P. ,registration procedure



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • This is a public forum. Avoid posting content which you do not wish to disclose in public.
  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.





Subscribe to the latest topics :


Forum Home | Forum Portal | Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads - Month | Unreplied Topics | Forum Stats


web analytics