Vat enquiry

Querist :
Anonymous
(Querist) 22 January 2012
This query is : Resolved
sir, i want to know whether bank is entitled to get vat number under punjab vat act 2005 and for what purpose under which sec it is entitled to get vat num.
2. whether it is mandatory for every bank to get vat number.
thanks
V R SHROFF
(Expert) 23 January 2012
BANKING shd not demand, unless for som identification of party.

Querist :
Anonymous
(Querist) 23 January 2012
but sir i found on site of punjab excise & taxation dept. that many of banks having vat numbers
my enquiry is that for what purpose bank is needed vat number
what type of trsn. of banks covered under vat act