Annual return i.e. Form I-1 in TNVAT Act-2006

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..... Annual return i.e. Form I-1 in TNVAT Act-2006
Query (Issue) Started By: - C.Raphael Chinna Kulandai Dated:- 26-12-2015 VAT + CST
VAT / Sales Tax
I wish to be clarified the following queries .....

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..... : 1.What is the turnover limit for an annual dealer? Should he limit his turnover to Rs.10 lakh only ? or can he cross that limit ? If a dealer deals only in non taxable goods and his turnover goes .....

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..... above 10 lakh ( to any amount ) is he still allowed to file Form I-1?.If he buys and sells taxable goods beyond the limit of ₹ 10 lakh can he still file Form I-1 and should he pay tax? or is he .....

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..... exempt from paying tax upto the limit of ₹ 10 lakh and pay tax for the turnover beyond ₹ 10 lakh? Should he switch over to 'K' return of 'I' Return? I need some expert clar .....

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..... ification . Please , ...........
Discussion Forum - Knowledge Sharing .....

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