Planning to start a sole proprietorship business of sellng goods online & offline. The business is not yet started.
Is the VAT & CST certificate required from the day one OR from the day when it crosses a specific turnover amount? Also what are other formalities to be done - is it required to have a PAN card in the name of a proprietorship firm? etc.?
When turnover of Sale exceed 10 lakh in any Financial Year, then a Sol-proprietorship firm needs to register under West Bengal Value Added tax Act 2013.But if any Slae or Purchase occurs any any State apart from West Bengal,i.e inter-state Sale/Purchase then the firm is liable to take registration under CST Act within 30 days from the date of such Slae or Purchase