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Restaurant VAT Registration Mandatory

VAT and Sales Tax - Started By: - Sid E - Dated:- 5-2-2017 Last Replied Date:- 15-2-2017 - If the person says that his Profit is ₹ 5 Lakhs per year from Restaurant. Should the owner of the restaurant mandatorily requires to register for the commercial tax to get the Registration Certificate? - Reply By YAGAY AND SUN - The Reply = Dear Sid E,Criteria is Turnover but not the profit earned by you on the restaurant activities. Further, you have not disclosed the location from where are you ope .....

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is 5 Lakhs Rupees. Therefore, he is claiming that he is not required to register under TN VAT Act 2006.In my view, based on the profit of rupees 5 Lakhs for the last one year, he should obtain Registration Certificate. I am trying to find out, how much minimum turn over would be for him based on his stated rupees 5 lakhs as a profit?Any assistance would be much more appreciated. - Reply By YAGAY AND SUN - The Reply = Rule 4 TNVAT Application for registration.- (1) Every dealer whose total turno .....

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within the state. Therefore, I believe that the turn over should be 10 Lakhs to get registration.I would like to discuss with you for this. What is the best number I can call you..Section 38. Registration of Dealers.- (1) (a) Every dealer, 1[*who purchases goods within the State and effects the sale of those goods within the State and whose total turnover] any year is not less than ten lakhs of rupees and every other dealer whose total turnover in a year is not less than five lakhs of rupees sh .....

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ection 7, every dealer whosetotal turnover is not less than rupees ten lakhs but not more than rupees fifty lakhs for the year on the sale of ready to eat unbranded foods including sweets, savouries, unbranded non-alcoholicdrinks and beverages served in or catered indoors or outdoors by hotels, restaurants, sweet-stalls,clubs, caterers and any other eating houses, may, at his option, instead of paying tax in accordancewith the provisions of clause (b) of sub-section (1) of section 7, pay tax at .....

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