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Guidelines for VAT Registration

Guidelines for VAT Registration

Guidelines for VAT Registration

Every dealer whose “thresholds of turnover” meaning total turnover of sales or purchase exceeded Rs. 5 Lakhs and “taxable turnover” exceeded Rs. 10,000/- during financial year is a dealer liable to get compulsory registration under VAT Act and to pay Value Added Tax.

Application for Registration.

1) Every dealer who is required to get registration as above shall make an application in form

101 to the registering authority.

2) A dealer becoming liable to pay tax shall submit an application for registration within thirty day of the relevant date that is the date on which his turnover crossed thresholds limit of Rs. 5 lakhs.

3)

a) A dealer shall make an application for registration to the registering authority within whose jurisdiction his place of business is situated area of all registration authority is available on web-site.

b) More than one place of business shall make an application to the registering authority in whose jurisdiction his chief place of business is situate

4) In the case of a business carried on by an individual, a firm, a Hindu Undivided Family or an unincorporated association of individuals, the name and permanent residential address of such individual, each of the partners of the firm, members of the Hindu Undivided Family or, as the case may be, members of the managing committee of the association, and of persons having any interest in the business, shall be stated in the application for registration.

5) The application for registration shall be accompanied by two copies of recent passport size photograph, as follows, duly attested by a Sales-tax Practitioner whose name has been registered in the list maintained by the Commissioner or by a Gazetted Officer or an advocate: –

I.     in respect of an individual, the photograph of the proprietor,

II.     in respect of a Hindu Undivided Family, the photograph of the karta,

III.     in respect of a partnership firm, the photographs of all the partner

IV.     in respect of a private limited company or a limited company, photographs of all members of board of directors:

Provided that in the case of a State or Central Government organization, it will not be required to furnish photograph of a person who is appointed as a nominee of Government.

Supporting Documents:

– Form No.101 is a format for application and available on web-site.

–   Dealer is required to fill in this form no.101 along with photocopy of supporting documents.

– List of supporting documents mandatory for submission.

1)   In case of Proprietorship.

a) Proof of Ownership of Place of busin

b) Copy of Passport of Owner.

c) Copy of election card of Owner.

d) Copy of Registration certificate issued by Custom and central excise authorit

e) Copy of driving license of owner.

f) Copy of last electricity bill of place of busin

g) Copy of last bill of Property tax of place of busine OR

h) Copy of last telephone bill of place of busin

2)   In case of Private limited or Public limited Company.

a) Copy of registration certificate issued by Registrar of compan

b) Copy of Passport of a director.

c) Copy of election card of a director.

d) Copy of Registration certificate issued by Custom and central excise authorit

e) Copy of driving license of a director.

f) Copy of last electricity bill of place of busin

g) Copy of last bill of Property tax of place of busine OR

h) Copy of last telephone bill of place of busin

3) In case of Partnership firm, Hindu Undivided Family or in any other case.

a) Copy of agreement.

b) Copy of Passport of a partner.

c) Copy of election card of a partne

d) Copy of Registration certificate issued by Custom and central excise authorit

e) Copy of driving license of a partner.

f) Copy of last electricity bill of place of busines

g) Copy of last bill of Property tax of place of busine OR

h) Copy of last telephone bill of place of busin

–   Registering authority will verify the documents and finding them satisfactory will generate Provisional TIN.

– Registering authority will call dealer for physical verification of documents and order spot

visit of business place.

–   After getting satisfactory spot-visit report dealer shall be issued a registration certificate which the applicants’ dealer can download at their end.

– Registration authority is bound to approve or reject the application within 30 days.

–   If registration authority fails to decide on application within 30 days from the date of application dealer shall get deemed registration automatically.

– Speciman of spot-visit.

–   As per GR dated 03/06/2015, Now applicant can get TIN with-in 24 hours after verification of documents and Spot-visit.

Guidelines for VAT Registration

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Guidelines for VAT Registration

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