Liable to VAT or not? if yes then how much %, VAT + CST

[Faruque Ansari]

I am purchasing clothes in meter from market without paying VAT and making it into a part of shirt ( semi marketable) and my turnover is more than 5 lakhs in 9 months. Am I liable to pay Vat?, if yes then how much?

Posts / Replies

[Pradeep Khatri]

Dear Faruque,

It seems that you have just touched the threshold limit. It is better to get registration and pay the tax. In your case it is 5%.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)