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Sales Tax VAT Registration

Value added tax is levied on the sale of movable goods. Most of the Indian States have replaced Sales tax with a new Value Added Tax (VAT) from April 01, 2005. VAT is imposed on goods only and not services and it has replaced sales tax. VAT is applied on each stage of sale with a mechanism of credit for the input VAT paid. VAT is applicable with slab rate of 0 % , 4% ,5%,8%,13.5% etc. VAT is a progressive and transparent system of taxation which eliminates the cascading impact of multiple taxation through a multipoint taxation and set-off principle. It promotes transparency, compliance and equity and therefore, is both dealer friendly and consumer friendly. After registration of VAT, the manufacturer or trader is allotted a unique 11 digit number which will serve as the VAT Number / TIN Number / CST Number for the business.

Mr. A, a registered dealer purchased good at Rs. 1,000 and paid 4%VAT tax on it, i.e., Rs. 40. The VAT paid by Mr.A can be claimed as input tax credit. On the good purchased, he did some value addition worth Rs. 500. The VAT liability after such value addition amounted to Rs. 60, i.e. 4% on Rs. 1,500. Since there is a credit of Rs. 40 on the initial purchase made, the same can be adjusted against Rs. 60. Only the balance amount of Rs.20 needs to be paid to the department.

Particulars  Basic VAT Total
Purchases 1000 40 1040
Sales 1500 60 1560
 Balance 500 20 520
  Profit VAT Payable Net

Service Offering

We are sales Tax consultant in Pune Our dedicated professional assist you in taking sales tax registration further compliances after registration with timely reminder and follow-ups. We prepare legal Vat documents, prepare online VAT registration application, submission to excise department, collection of VAT , CST certificate. We Provide Vat tax consulting services in Pune.

  • VAT Registration In Pune
  • VAT Consultant in Pune
  • VAT Advisory on tax matter
  • VAT , CST Compliances
  • C / F/ E/ H form Application


VAT Registration

Maharashtra VAT registration Contains called as TIN (Tax Identification Number) which is required to issue Tax invoices to other parties and get the benefit of input tax credit.

No VAT on Export

On export of goods there is no taxes applicable, as government don’t want to export taxes along with goods. However, it is advisable for exporters to obtain VAT registration.

VAT Payments

In most of the states, Online VAT Payments are required to be deposited in monthly within 21th of the following month. In Maharashtra the payment cycle depends on government.

VAT Audit

In Maharashtra if the turnover exceeds Rs.100 lakhs then dealer need to go through VAT audit from chartered Accountant. After Vat audit same need to be submitted to department.

Basic Exemption

After crossing certain amount of turnover person need to apply for VAT registration. In most of the states, it is Rs.5 lakhs and in some states it is Rs.10 lakhs. In Maharashtra it is 10 lac.

VAT Returns

In VAT Monthly / Quarterly / Six monthly VAT Returns are required to be filed within due date with specifying taxes collected and paid to government treasury

Documents Required for VAT Registration

  1. Proprietor / Partner / Director
  • PAN Card
  • Address Proof
  • Cell No and E mail ID
  1. Business Registration Proof
  • Shop Act
  • Partnership Deed / AOA MOA
  • Certificate of incorporation
  1. Address Proof
  • Light Bill Latest / Index II / Municipal Tax paid receipt / Gram Panchayat NOC
  • Rent Agreement / NOC from Owner
  1. Bank Account Cancelled cheque
  2. List of goods to be purchases and sales

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