Hi,
I am setting up a sole proprietership in the School Education Training and Products space.
I wanted to register for Sales (VAT) Tax/CST on a voluntary basis. My current sales have not crossed (5 lakhs or whatever the exemption limit is). However to open a current bank account in the name of my company, I need two government registerations.
I wanted to enquire what are the charges for voluntary Sales Tax Registeration. I read somewhere that the regular fees is Rs. 500, however voluntary carries a fees of Rs. 5000 and a deposit amount of Rs. 25,000 for 3 years.
Is this information correct?
Thanks
Warm Regards
Kapil Aggarwal