VAT Registration

Registration as Dealer

VAT Dealers, having turnover above Rs. 50 lakhs are required to register as a VAT dealer. VAT dealer, shall pay tax at the rates specified at the rates specified in the schedules to the act. VAT dealer can claim for the input tax credit on the VAT paid on the purchases.

Following types of dealers shall be liable to be registered as VAT dealers irrespective of their taxable turnover:

  • Every dealer importing goods in the course of business from outside the territory of India
  • Every dealer registered or liable to be registered under the CST Act or any dealer making purchases or sales in the course of inter-State trade or commerce or dispatches any goods to a place outside the State otherwise than by way of sale.

Registration as CST Dealer

Every dealer making purchases or sales in the course of inter-State trade or commerce or dispatches any goods to a place out side the State otherwise than by way of sale and every dealer importing goods in the course of business from outside the territory of India Every dealer liable to pay tax under the CST Act is required to be register under the CST Act as CST dealer.

Registration as TOT Dealer

Dealers, having turnover above Rs. 7.50 lakhs and below Rs. 50 lakhs are required to register as a Turn over Tax (TOT) dealer and dealers having turnover of more than Rs. 50 lakhs are required to register as VAT dealers. TOT dealer, shall pay tax at the rate of 1% on the taxable turnover. TOT dealer shall not be eligible for any input tax credit.

RMC provides services in obtaining the registration under VAT (TIN), CST and Works Contract Tax

To know about vat Monthly Returns Click here