VAT and CST Registration
Get Started – From Rs. 9,500/-
Value Added Tax (VAT) Registration is a tax registration required for businesses trading or manufacturing goods in India. VAT Registration replaced Sales Tax in India and is synonymous with CST Registration and TIN Registration. VAT is a multi-stage tax with the provision to allow ‘Input tax credit (ITC)’ on tax at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. Therefore, VAT is ultimately borne by the consumer.
VAT is collected and governed by the State Government, so each State Government in India has distinct rules applicable for their State based on the type of good manufactured or sold. Hence, it is important for any business involved in the manufacturing or trading of goods to check the VAT rates applicable for the goods they sell in their state and comply with the relevant regulation. VAT Registration is mandatory in most states for traders or manufacturers having a turnover of more than Rs.5 lakhs per year (Rs.10 lakhs in some states). Therefore, manufactures or traders must be aware of the relevant state VAT regulation and obtain registration if required. When registered for VAT, the manufacturer or trader is allotted a unique 11 digit number which will serve as the VAT Number / TIN Number / CST Number for the business.
Process Time:
AuditNeeds can obtain VAT / TIN / CST registration in 14 to 20 working days, subject to Government processing time and inspection of premises / office of the client.
Documents Required for VAT Registration
- Copy of PAN card of the proprietor / partners / directors.
- Copy of Voter’s ID / Passport / Driver’s License / Aadhar Card of the proprietor / partners / directors. (any 2).
- Recent Bank Statement of the proprietor / partners / directors.
- Passport sized photograph of the proprietor / partners / directors. (6 copies).
- Rental Agreement / Sale deed of commercial space.
- Copy of PAN card of the partnership firm / company.
- Certificate of Incorporation of the Company / Partnership Deed of the Partnership firm.
- Memorandum and Articles of Associates of the Company.
- Recent Bank Statement of the Business /Company/ Partnership Firm.
- Board Resolution / Authorization letter from the Company / Firm.
- Two reference letter.
- Copy of latest electricity bill, tax receipt and EB card (both sides) in the name of landlord of office address.
Know the Government Registrations
| VAT | SERVICE TAX | EXCISE DUTY | |
|---|---|---|---|
Governed By |
Respective State VAT Act | Finance Act, 1994 | Central Excise Act, 1994 |
Applicable To |
Traders and Manufacturer of Goods | Service Provider and Receiver | Manufacturer, First & Second Stage Dealer |
Registration |
Turnover crosses Rs. 5 lakhs | When Turnover exceeds 9 lakhs | No specific limit |
Issuing Authority |
State Government | Central Government | Central Government |
Returns For |
Monthly | Half Yearly and Annual | Generally Monthly |
Penalty for Non Registration |
150% of the amount collected | upto Rs.10,000/- or Rs.200/- for every day whichever is higher | duty unpaid amount or Rs.10,000/-whichever is higher |
Penalty for delay in Filing |
Rs. 2000/- | Rs. 500 for delay upto 15 days, Rs. 1000 for delay upto 30 days and an additional Rs. 100 per day thereon, subject to a max of Rs. 20,000. | Rs. 100 per day subject to a max of Rs. 20,000. |
| Know more | Know more |
VAT AND CST
Get Started – From Rs.9,500/-
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