VAT Registration

Information About Vat Registration

It is essential to understand the concept of VAT. What is Vat? This was introduced so that the sales tax can be replaced. To understand it more explicitly, it is essential to know on whom the VAT is levied. The Vat is levied on each entity in the supply chain. Therefore it is levied on multiple points. There is a provision as such which allows the ‘Input tax credit (ITC)’ on tax, however this is at the initial stage and it is later adjusted on the VAT liability. This is done when there is subsequent sale.

It is also essential to know who is liable to register for VAT. If a person is a trader or if a person is in the manufacturing business then they are liable to register for Vat. They can be either owning on a sole proprietorship basis or on a partnership basis, no matter whatever it is, whether it is a firm or a private limited company all of those who sell their products are liable to be registered for VAT.

Learn The Procedure Of Vat Registration?

It is essential for you to learn the procedure for the registration of the VAT.

The very first thing that you should do is to get the application for the Vat Registrationand submit it in Form 1 after filling it. Make sure to attach the required documents and then you can submit it at local VAT office.

The documents that you need to attach with the form are the Central Sales Tax registration certificate (Form A). You should also have to attach a copy of the Professional tax registration certificate (Form 2) and copy of other crucial documents which comprises of an address proof, and an ID proof.

If you are into a partnership, then you need to attach a copy of the partnership deed and a copy providing the details of the business should be attached along with it. If it is a Private Limited company then the Memorandum of Association and Articles of Association has to be attached along with the VAT application form.

The other essential information such as the PAN number, Bank account Number and four passport sized photographs also should be provided. Even the rental agreement of the business place should be provided.

Once the essential documents and details are provided the eligible authorities will inspect the business premises and ask you to pay a FEE for the VAT registration. Once you make the payment of the fee which is levied you would be allotted a TIN number for your business and also the VAT registration certificate will be issued.

Start New Company in Chennai | Tax Registration in Chennai | Tax Return in Chennai | Auditors Report in Chennai | Accounts in Chennai | PAN / TAN in Chennai | SSI Registration in Chenai | VAT Registration in Chennai | Sales Tax in Chennai | Service Tax Registration in Chennai | Incorporation (Pvt. Ltd.) in Chennai | Partnership Firm Registration in Chennai | ESI Registration in Chennai | PF Registration in Chennai | IE Code Registration in Chennai | Income Tax Return in Chennai | VAT Return in Chennai | Service Tax Return in Chennai | TDS Return in Chennai | ESI Return in Chennai | EPF Return in Chennai | Bankers Certificate in Chennai | Networth Certificate in Chennai | Provisional Balance Sheet in Chennai | Projection Report in Chennai | Business Profile in Chennai | Day Book in Chennai | Petty Cash Book in Chennai | Journals preparation in Chennai | Ledgers preparation in Chennai | Balance preparation Sheet in Chennai | Stock audit in Chennai | Stock audit reports in Chennai
Start New Company in Hyderabad | Tax Registration in Hyderabad | Tax Return in Hyderabad | Auditors Report in Hyderabad | Accounts in Hyderabad | PAN / TAN in Hyderabad | SSI Registration in Chenai | VAT Registration in Hyderabad | Sales Tax in Hyderabad | Service Tax Registration in Hyderabad | Incorporation (Pvt. Ltd.) in Hyderabad | Partnership Firm Registration in Hyderabad | ESI Registration in Hyderabad | PF Registration in Hyderabad | IE Code Registration in Hyderabad | Income Tax Return in Hyderabad | VAT Return in Hyderabad | Service Tax Return in Hyderabad | TDS Return in Hyderabad | ESI Return in Hyderabad | EPF Return in Hyderabad | Bankers Certificate in Hyderabad | Networth Certificate in Hyderabad | Provisional Balance Sheet in Hyderabad | Projection Report in Hyderabad | Business Profile in Hyderabad | Day Book in Hyderabad | Petty Cash Book in Hyderabad | Journals preparation in Hyderabad | Ledgers preparation in Hyderabad | Balance preparation Sheet in Hyderabad | Stock audit in Hyderabad | Stock audit reports in Hyderabad