Hi,
I am setting up a sole proprietership in the School Education Training and Products space.
I wanted to register for Sales (VAT) Tax/CST on a voluntary basis. My current sales have not crossed (5 lakhs or whatever the exemption limit is). However to open a current bank account in the name of my company, I need two government registerations.
I wanted to enquire what are the charges for voluntary Sales Tax Registeration. I read somewhere that the regular fees is Rs. 500, however voluntary carries a fees of Rs. 5000 and a deposit amount of Rs. 25,000 for 3 years.
Is this information correct?
Thanks
Warm Regards
Kapil Aggarwal
Sir,
According to AP VAT Act what is the minimum sales turnover required to take registration? What is the assessable turnover ? What is the meaning of taxable turnover exceeded Rs.10 lakhs, or exceeded Rs. 40 lakhs in the past 12 months to take VAT registration under AP Act? This is only for comparative study.
Thanking you