Querist :
Anonymous
(Querist) 03 November 2009
This query is : Resolved
We intend to start retailing of frozen foods & will be selling in Delhi / Gurgaon / Ghaziabad to be procured from Andhra Pradesh. Expected turnover is Rs.5 Lacs for the first year. The query is:-
1. Do we need to go for any kind of registration like VAT / CST / Shops & Establishment etc.?
2. Initially can the place of business be our residence?
3. We will not be engaging any manpower!
4. In case registration is not required, what kind of documents do we carry while procuring, delivering and transportation etc.
A V Vishal
(Expert) 03 November 2009
1. Do we need to go for any kind of registration like VAT / CST / Shops & Establishment etc.?
ANS. YES, for a retailing business you need to apply for TOT/CST with Commercial Taxes deptt. Apart from that you need to take permission (Trade License) from the Municipality.
2. Initially can the place of business be our residence?
ANS: You can run your business from your home.
4. In case registration is not required, what kind of documents do we carry while procuring, delivering and transportation etc.
ANS: The answer has been already replied in Point No.1 viz. you need TOT?CST registration.
adv. rajeev ( rajoo )
(Expert) 03 November 2009
yes u have to apply for the VAT/CST/Shops and establishment etc., Place of business may be at any where. Regn., is mandatory otherwise it will be a problem for you only.
adv. rajeev ( rajoo )
(Expert) 03 November 2009
grammatical mistake in the language in the will does not make difference. The intention of the testetor is looked in to.
adv. rajeev ( rajoo )
(Expert) 03 November 2009
sorry instead of answering another question I answered here.
Just one more query. Does that means we need to charge the VAT on each & every sales proceedings, post registration!
Thanks
A V Vishal
(Expert) 03 November 2009
NOT VAT you must charge TOT (Turnover Tax) @ 1% instead of the normal rate of tax viz.whatever rate is applicable in case of frozen foods), since the amount of turnover is 5 lakhs.
Raj Kumar Makkad
(Expert) 03 November 2009
Nothing to add more in the opinion of Vishal.
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