tag:blogger.com,1999:blog-8674841794886903207.post4335307720760874174..comments2022-03-02T00:29:59.712+05:30Comments on An Entrepreneur in Mumbai: I want to start selling, should I register and charge VAT (Value Added Tax)?Javier Moraleshttp://www.blogger.com/profile/04907464472482099314noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-8674841794886903207.post-61343065121055362452016-07-15T15:36:07.290+05:302016-07-15T15:36:07.290+05:30that's really confusing , when not require why...that's really confusing , when not require why asking vat no , I'm exporter vat no is not require for iec holder but to opening c/a bank people ask I applied and got vat that's not require for me at all , reason everywhere was asking , now every month pay to CA to apply , icant understand when not require why I should take all headach to apply and get vat , mostly get confused by banks , custom and etc they are not clear about the rule , one thing I understood should not apply in initial stage of your business once you are on track then apply .Anonymoushttps://www.blogger.com/profile/18218593525045598132noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-2583796126275766542016-06-28T15:33:16.423+05:302016-06-28T15:33:16.423+05:30Vat is different from service tax. In vat if you c...Vat is different from service tax. In vat if you cross the turnover of Rs 10 lak local and out of state 1 laks than there is compulsary to take the vat number. http://taxbaniya.com/category/business-registration/vat-and-cst-registration/tax baniyahttp://taxbaniya.com/noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-34828354118098090612016-05-14T03:24:22.961+05:302016-05-14T03:24:22.961+05:30Hello Lekh, the minimum turn over is 10 lakhs, but...Hello Lekh, the minimum turn over is 10 lakhs, but they advice that you register after your turnover reaches 9 lakhs, for safety purpose (that you don't cross it and try to register in the last moment).<br />All the best!Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-66190961080473448302016-05-13T23:16:05.503+05:302016-05-13T23:16:05.503+05:30Thanks Javier.Thanks Javier.Anonymoushttps://www.blogger.com/profile/06197441026239631871noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-67268253362922813882016-05-13T01:44:18.707+05:302016-05-13T01:44:18.707+05:30hi javi sir,
i am on verge of starting my Investme...hi javi sir,<br />i am on verge of starting my Investment advisory firm (SEBI registration ..few days away)..pls let me know how much service tax i need to collect..i am aware theres no service tax if the turnover is below 9lacs p.a<br /><br />regards,<br />lekhlekhhttps://www.blogger.com/profile/13970919453199392985noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-78810125051115477282016-05-12T19:39:59.327+05:302016-05-12T19:39:59.327+05:30Hey there,
I think that:
1) No, you don't hav...Hey there,<br /><br />I think that:<br />1) No, you don't have to.<br />2) You have to pay. Only if you are registered then you will be able to deduct that from your payments... but is it really worth it? Make the numbers.<br />3) Yeah, maybe. You should make the numbers helped by a CA... I wonder if it is worth it.<br /><br />Cheers!Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-31484779458617240542016-05-12T11:22:07.522+05:302016-05-12T11:22:07.522+05:30Hi there i newly started a business in Maharashtra...Hi there i newly started a business in Maharashtra and i am importing the products from Telangna state and i will sale it in Maharashtra only so i have some question in my mind.<br />1). My turnover is not more than 5 lack till now so should i register for VAT/CST ?<br /><br />2).When i purchasing the products from my dealer he charged full VAT as per the Telngana state rules so the product got expensive so what should i do.<br />3). If i register only for CST can save the taxes charged by the dealer.<br /><br />Please help<br />thanks.<br /><br />Anonymoushttps://www.blogger.com/profile/06197441026239631871noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-38884327409765088232016-04-03T13:33:55.469+05:302016-04-03T13:33:55.469+05:30The list of non-VAT applicable goods in Maharashtr...The list of non-VAT applicable goods in Maharashtra can be accessed here. It also has a list of other VAT incurring goods and their rates - http://www.indiafilings.com/learn/wp-content/uploads/2014/11/Maharashtra-VAT-Tax-Rates.pdfDanhttps://www.blogger.com/profile/03198280207571337370noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-78642195431142138112016-01-19T17:53:35.722+05:302016-01-19T17:53:35.722+05:30Hi there, I am a fashion designer starting to sell...Hi there, I am a fashion designer starting to sell designer wear online - across india and worldwide. <br />I have got the payment gateway PayPal and others online on the website itself. I am applying for a sole proprietorship and a VAT registration in a day or two. <br />In India I need VAT, in order to export I guess I need an export license? Also the customers abroad pay custom duties so Im guessing I won't be charging them VAT since its not applicable to them, Am I correct with the above points since thats the information I have been able to gather so far asking friends etc. Im based in Chandigarh. <br /><br />What else would i require?<br />Would really appreciate for any information..<br /><br />Regards<br />Jasmine Anonymoushttps://www.blogger.com/profile/08454897004530732103noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-78366394210086512432015-11-04T14:05:33.200+05:302015-11-04T14:05:33.200+05:30Well, I believe that's one of the troublesome ...Well, I believe that's one of the troublesome things of the VAT registration... that you will have to do the filing every year. Do ask your CA to confirm.Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-80947328665459033182015-11-04T00:01:52.578+05:302015-11-04T00:01:52.578+05:30Hi,
I've registered on e-commerce website an...Hi, <br /><br />I've registered on e-commerce website and also got Vat certificate since they were asking for it. Not i know my turn over is not more than 5lac pa. Do I need to file vat returns now? I just got the certificate for registration purpose as the website demanded it. Google Fanhttps://www.blogger.com/profile/07963907913376024400noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-18172313026225249802015-11-03T19:03:28.233+05:302015-11-03T19:03:28.233+05:30Turnover is your total sales. In the case you ment...Turnover is your total sales. In the case you mention, is 3 lakhs.<br />Cheers!Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-72145890005451059132015-11-03T17:10:14.728+05:302015-11-03T17:10:14.728+05:30My question is what is turn over ? if limit for va...My question is what is turn over ? if limit for vat is Rs.5 lks. If i am treading, i bought goods worth 2 lks and sell for 3 lks....what is my turn over? 3 lks or 5 lks ?Anonymoushttps://www.blogger.com/profile/09030289041658019166noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-41909668987275471012015-10-29T20:41:40.586+05:302015-10-29T20:41:40.586+05:30Yes indeed. Thanks for your contribution!Yes indeed. Thanks for your contribution!Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-86560490728081477932015-10-29T15:02:28.880+05:302015-10-29T15:02:28.880+05:30If you haven’t exceeded the threshold for compulso...If you haven’t exceeded the threshold for compulsory registration you can still register voluntarily if it makes sense for you to do so.Uptrahttp://uptra.in/sales-tax-registration-services/noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-74092589930086274742015-10-29T03:59:22.882+05:302015-10-29T03:59:22.882+05:30Rather than expensive, I think it is a tedious mat...Rather than expensive, I think it is a tedious matter to register for VAT. But if you really want to sell at Flipkart, I think you'll have to register yourself for VAT... I believe it is a kind of filter they are setting.Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-35827565158299950332015-10-29T03:58:09.550+05:302015-10-29T03:58:09.550+05:30I believe Flipkart is setting this requirement to ...I believe Flipkart is setting this requirement to ensure that no small parties and individuals take part in their system. It's a kind of a filter I suppose.<br />So, I guess that if you want to go for Flipkart, you'll need to take a leap of faith and register for VAT from the beginning.Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-13298318076980703612015-10-29T03:56:36.564+05:302015-10-29T03:56:36.564+05:30Hello there... I think it is legal, and I think yo...Hello there... I think it is legal, and I think you don't need to register for VAT right away. As your business grows, then go doing those registrations little by little... but don't forget them either ;)Javier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-42789766740747546912015-10-29T03:55:44.817+05:302015-10-29T03:55:44.817+05:30All the best for your business. It would be good t...All the best for your business. It would be good that you approach a CA that can help you to do the process... but consider if your turnover will be more than 5 lakhsJavier Moraleshttps://www.blogger.com/profile/04907464472482099314noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-32545943445220674252015-10-17T12:14:04.566+05:302015-10-17T12:14:04.566+05:30Really helpful post.Thanks for sharing.Really helpful post.Thanks for sharing.Eagahttp://vakilsearch.com/noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-80349700604591516702015-10-10T14:36:52.784+05:302015-10-10T14:36:52.784+05:30This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/07892664295246169077noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-82091034294165341262015-10-10T14:31:47.670+05:302015-10-10T14:31:47.670+05:30Hi All,
Plz read carefully to my question:
I am n...Hi All,<br />Plz read carefully to my question:<br /><br />I am new seller for selling online.<br />but amazon, flipkart,eby asking vat# for selling on online sites.<br />We did not sell still today. so my humble request to you all guys that how many cost I have need for registration of vat#?<br /><br />We live in Maharashtra state<br />plz help me on this..Anonymoushttps://www.blogger.com/profile/07892664295246169077noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-28602670543125109272015-10-09T12:56:36.054+05:302015-10-09T12:56:36.054+05:30Many Thanks for your Blog Post. Good Resources for...Many Thanks for your Blog Post. Good Resources for All.<br />Tally Saleshttp://sarvindataprocessing.blogspot.in/noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-63251203243925943062015-10-02T10:03:58.355+05:302015-10-02T10:03:58.355+05:30I want to start my small business and sell online ...I want to start my small business and sell online (like Flipkart/ Snapdeal). During their registration, they are asking for VAT/ TIN. Mine is just a startup and turnover will be well below 5L p.a. How do I proceed in such a case? Quick guidance will be appreciated.Anonymoushttps://www.blogger.com/profile/02307475464839318496noreply@blogger.comtag:blogger.com,1999:blog-8674841794886903207.post-74648088997422973412015-09-26T11:37:58.903+05:302015-09-26T11:37:58.903+05:30hello... hapi blogging... have a nice day! just vi...hello... hapi blogging... have a nice day! just visiting here....Tallyhttp://sarvindataprocessing.blogspot.in/noreply@blogger.com