What is the taxable limit in Jammu and Kashmir ?
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(a) Imports for sale or use in manufacturing or processing any goods into the State on his own behalf or on behalf of his
Principal is NIL and
(b) manufactures or produces any goods for sale or is engaged in any business other than the business specified in (a) above is Rs.7.50
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Hie Kruthika,
**Taxable limit in J&K are :-**
Under The Jammu and Kashmir Value Added Tax Act, 2005 taxable limit means in relation to a dealer who:
(a) Imports for sale or use in manufacturing or processing any goods into the State on his own behalf or on behalf of his Principal
- NIL
(b) manufactures or produces any goods for sale or is engaged in any business other than the business specified in (a) above
- Rs.7.50 lacs
Dear, For VAT
(a) Imports for sale or use in manufacturing
or processing any goods into the State
on his own behalf or on behalf of his
Principal NIL
(b) manufactures or produces any goods
for sale or is engaged in any business
other than the business specified in (a) above Rs.7.50 lacs
Under The Jammu and Kashmir Value Added Tax Act, 2005
taxable limit means in relation to a dealer who:
(a) Imports for sale or use in manufacturing
or processing any goods into the State
on his own behalf or on behalf of his
Principal NIL
(b) manufactures or produces any goods
for sale or is engaged in any business
other than the business specified in (a) above Rs.7.50 lacs
Dear Friend,
Under The Jammu and Kashmir Value Added Tax Act, 2005 taxable limit means in relation to a dealer who:
(a) Imports for sale or use in manufacturing or processing any goods into the State on his own behalf or on behalf of his
Principal is NIL and
(b) manufactures or produces any goods for sale or is engaged in any business other than the business specified in (a) above is Rs.7.50