VAT is applicable on Sale of Goods.
It is mandatory to register with VAT authorities and obtain a valid VAT number.
Depending upon the nature of activity and its geography, the company may require two registrations, State level and Central level.
The rate of VAT is different for different products and hence it is critical that registration is obtained under appropriate classification and expert advice is obtained.
The company is required to collect the VAT and pay the same to Government as per the provisions of The VAT Act. The Act prescribes time limits for VAT payments and return filings.
Our compliance team is experienced in advising company on applicable rates and classification under the Act and would assist the company with obtaining necessary registrations, tax payments and filings.
For more details of the documents required and any related advisory, feel free to connect with our team on firstname.lastname@example.org
All the contents of article are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision. Kamdar Desai & Patel hereby excludes any warranty, express or implied, as to the quality, accuracy, timeliness, completeness, performance, fitness for a particular purpose of the Site or any of its contents, including (but not limited) to any financial tools contained within the article. Kamdar Desai & Patel will not be liable for any damages (including, without limitation, damages for loss of business projects, or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this article, or any of its contents, or from any action taken (or refrained from being taken) as a result of using this article or any such contents. Kamdar Desai & Patel makes no warranty that the contents of the article are free from infection by viruses or anything else which has contaminating or destructive properties.