Monday, 21 March 2016

Registration criteria's under Mvat Act

In Maharashtra Registration under Mvat Act is a simple procedure.

The dealer can registered under Mvat Act very easily.


There are two criteria s are available for Registration :-

1) Registration under Turnover basis.


2) Voluntary Registration.


The explanation of the above two are as under:-


1) Registration under Turnover basis :- 



of taxable goods is Rs.10,000/-(Ten Thousand)

Registration fees under turnover basis is Rs.500/- only.

This is compulsory on dealer while exceeding the turnover limit of sales under 

Sec.3(4) of MVAT ActFrom 26-06-2014 dealer can apply for Registration on 

his turnover of sales is Rs.10,00,000/-(Ten Lakh) and the turnover of sales or 

purchases of taxable goods is Rs.10,000/-(Ten Thousand) 

For Importer Rs.1,00,000/-(One Lakh) and  the turnover of sales or purchases 

2) Voluntary Registration:-

Rs.5,000/-(Five Thusand) Fees which is non-refundable and

Rs.25,000/-(Twinty Five Thousand) deposit which is  adjustable against tax 

liabilities.


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