Regarding karnataka vat act
sudhindra
(Querist) 13 February 2013
This query is : Resolved
As per Karnataka vat act,liquor, wines are exempted goods.whether they are required to register under vat act?
wines shops are also sells taxable goods like soft drinks, soda, mineral water etc. as per Karnataka vat shop's having taxable turnover less then Rs 5 laks annually, need not to be registered.
wines shops with a turnover of less then 5 laks required to register under Karnataka vat?
Raj Kumar Makkad
(Expert) 13 February 2013
Wine shops having turnover less than 5 lakh need not to be registered.
sudhindra
(Querist) 14 February 2013
dear sir,
thanks for your replay.
if the wine shops had more then 5laks exempted turnover and less then 5 laks taxable turnover, then they are required to be register under Karnataka vat act?
Raj Kumar Makkad
(Expert) 14 February 2013
In that situation registration is required.