SALES CLARIFICATION, VAT + CST

[SUBRAMANIAM MEENAKSHI SUNDARAM]

DEAR SIRS,

MY FREING IS A SMALL DEALER HAVING TIN NUMBER AND MY SALES FOR THE PAST TWO YEAR WAS LESS THAN 5 LAKHS AND SUSEQUENTLY ONLY ANNUAL RETURNS WERE SUBMITTED, NOW FROM THIS MONTH HE IS EXPECTING A SALES OF MORE THAN 5 LAKHS PER MONTH, NOW PLEASE CLARIFY ME CAN HE DO SALES FOR MORE THAN 10 LAKHS PER ANNUM OR N0T, AS PEOPLE ARE CONFUSING '"YOU HAVE TO WAIT TILL NEXT MARCH TO UPDATE YOUR DETAILS, TILL SUCH PERIOD HE CANT DO THE BUSINESS, PLEASE HELP

Kind regards

M.Subramaniam

Posts / Replies

[Ganeshan Kalyani]

Sir, compliance is next step first is business. Government is also coming up with schemes like Starup, ease of doing business etc. My point here is you can do business but accordingly compliance has to be done.