VAT-TIN Registration


VAT Registration

Value Added Tax (VAT) Registration or TIN Registration is a tax registration essential 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 permit 'Input tax credit (ITC)' on tax at an earlier stage, which can be appropriated towards the VAT liability on subsequent sale. For that reason, VAT is ultimately borne by the client. VAT is collected and governed by the State Government, so every State Government in India has distinct rules applicable for their State based on the type of goods manufactured and sold. VAT Registration is necessary in most states for traders or producers having a turnover of more than Rs. five lakhs per year (Rs.10lakhs in some states).

Those entities have VAT or TIN Registration must then file VAT returns on time to avoid penalty. VAT is implemented by the State Governments. Therefore}, the VAT return due date and VAT payment due date differs from state to state. VAT returns are mostly due monthly, quarterly or annually. Our VAT professionals can help you compute your VAT payments and e-file the VAT returns and keep you in compliance with VAT rules. For goods exported from India, VAT is not applicable.