Vat and cst

Dear,

You should have registered your firm under the Tamil Nadu VAT ACT,2006.

TNGST- Registration No//TIN shall be substituted 

1. Every dealer whose total turnover in respect of purchase and sales within the state in any year is not less than Rs. 10 Lakhs.

2. Every dealer brings OR Sale  goods from outside Tamil Nadu. 

Procedure of Registration:-

1. Application for registration shall be on Form -A under the Tamil Nadu VAT-Act

2. Along with FORM-A  registered your firm,  registration under the CST ACT( Central Sales Tax Act-1957).

3. Security would be  Furnish at the time of CST registration

1. In Security Bonds,  Deposit of Cash/ Government Treasury/  Deposit in a post office saving Bank/Fixed Deposit  etc.

Security  would be refundable as per Tamil Nadu- Vat Act,2006 at the time of surrender or other law.

After completed the documents, Authority shall assign "Taxpayer identification Number (TIN) and issue a certificate of registration in FORM-D with in Bonding period.

After registration under the VAT-CST Act,  you will be  called the Registered Dealer.

VIPIN RATURI

ADVOCATE

sir

 In addition to the information, i would like to add. as per section 3(1)(a) of the TNVAT Act,  (1) (a) Every dealer, other than a casual trader or agent of a non-resident dealer, whose total turnover for a year is not less than rupees five lakhs and every casual trader or agent of a non-resident dealer, whatever be his total turnover, for a year shall pay tax under this Act.

The ten lakhs turnover limit only  having a application for the dealer  whose total turnover in respect of purchase and sale within the State, for a year, is not less than rupees ten lakhs.

For the purpose of effecting inter state transaction,  CST No is must in addition to the TIN No. registration can be taken under the both Acts(TNVAT Act and CST Act) simultaneously. 

regards

N.SUDALAI MUTHU

ADVOCATE

9944907474