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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
[email protected]
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