Applicablility of VAT and CST

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..... Applicablility of VAT and CST
Query (Issue) Started By: - SHINIL NAMBRATH Dated:- 18-2-2016 Last Reply Date:- 20-2-2016 VAT + CST
Got 3 Replies
VAT / Sales Tax
Dear Learned members, This is with respect to the captioned subject. In this regard, please take a note of the below mentioned facts of my case. We have recently incorporated an LLP with our main business as manufacturing c .....

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..... ontrol panel and our place of business and registered office is in Gujarat. Further we have not started any business and very recently we have got our first order from a textile company based in Delhi. Hence, order to manufacture control panel we require a few electronic items such as electric relays an other stuffs. Hence I've identified two suppliers, one from Mumbai and another from Hyder .....

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..... abad to supply me the required items. But both of them asking my CST or VAT(TIN no ) registration no in order to supply me the items. Hence my query is that even though I've not crossed the threshold limit of 500000 lacs turnover for registration under VAT, do I still need to get registered under these taxes. Plss help me because as of now nobody is ready to supply me any items. Reply By Y .....

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..... AGAY AND SUN: The Reply: In our view, you may opt for voluntary registration even if you have not crossed the threshold limit. There is no harm in it. Reply By Ganeshan Kalyani: The Reply: The suppliers are asking for CST No. To ensure that you are registered and you will be able to issue them the Form C which is for concession of rate of tax. In absence of such form the VAT department in the ju .....

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..... risdiction of suppliers location would demand full tax applicable by treating the interstate sale as local. In such case you are left with two options either to pay the tax at full rate or apply for registration. Thanks. Reply By SHINIL NAMBRATH: The Reply: Thank you all for your reply and helping me to understand this in a simple way.
Discussion Forum - Knowledge Sharing .....

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