Procedure for VAT registration under Punjab VAT Act 2005 and CST Act 1956

0 comments Wednesday, May 19, 2010

Who is required to get registered as a VAT Dealer under Punjab VAT Act 2005
Every person, except a casual trader and one dealing exclusively in goods declared tax free, whose gross turnover during the year  exceeded the taxable quantum, as provided below, is  liable to pay tax under the Punjab VAT Act by way of VAT on the taxable turnover.

(i)            in relation to any person, who imports taxable goods for sale or use in manufacturing or processing any goods in the State, rupee one;
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