VAT Returns Filing

VAT Returns Filing

 Timeline: 5-7 working days
 Package Inclusions
  • Calculation of tax
  • Filing of tax
 Documents Required
  • Get your Tax Identification Number(TIN) by the State Tax Department
  • User needs to have his/her user-id and password as furnished by the Directorate Office.
 Process Details
  • Calculating your tax liability
  • Collection of doucment
  • Filing of your return
 Key Advantages
  • Statutory requirement- It is mandatory to file your VAT return after you have exceeded the threshold amount
  1. What is VAT?
    VAT is value added tax, levied on the sale of goods in India. Each State in India has different VAT Regulation and different tax rates are levied on different types of products. Therefore the VAT Rate and exemptions are unique to each State and type of goods sold. Anyone who sells goods, products or anything that can be felt or touched then you require a VAT registration
  2. Who needs a VAT registration?
    VAT Registration is compulsory for manufactures and traders having an annual turnover of more than Rs.5 lakhs in most states
  3. At what rate is VAT levied?
    The rate of VAT depends on the type of goods being sold and the State in which goods is being sold
  4. When do I need to file VAT return?
    VAT returns are due on the 20th of every month. The previous months VAT information must be filed on the 20th of every month

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