Onlive VAT Registration in India
BizIndiGo offers VAT registration At Rs.7999/- Onwards
Price may vary based on city
VAT registration or TIN number is mandatory for all entities involved in the sale of goods and products. VAT regulations vary from state to state. BizIndiGo offers hassle-free online process for VAT Registration. Get your VAT Registration done through our experts associates across india.
What is VAT & VAT Registration ?
Value Added Tax (VAT)
VAT (Value Added Tax) is a kind of tax levied on sale of goods and services when these commodities are ultimately sold to the consumer.
VAT is a multi-stage tax with the provision to allow 'Input tax credit (ITC)' on tax at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. Therefore, VAT is ultimately borne by the consumer.
VAT is collected and governed by the State Government, so each State Government in India has distinct rules applicable for their State based on the type of good manufactured or sold. Hence, it is important for any business involved in the manufacturing or trading of goods to check the VAT rates applicable for the goods they sell in their state and comply with the relevant regulation
Value-added Tax (VAT) Registration, also known as or synonymous with TIN and CST Registration, is mandatory for any business entity (manufacturer or trader) engaged in the sale of goods in India and a turnover of over Rs. 5 lakh (although it may be higher in some states). After registration, the manufacturer or trader is allotted a unique 11 digit number which will serve as the VAT Number / TIN Number / CST Number for the business.
VAT Registration Process
Steps to register VAT / TIN in india
Considering your State of proposed business BizIndiGo will help you to understand the process. Accordingly, you need to submit required documents to complete the documentation part.
Application Preparation & Filing
Once the application is prepared, it will be submittedo or filed in the required format. Officials from the Tax Department will process the application and verify the particulars presented in the application.
Once the processing is done (involve a physical inspection), the Tax Department will issue a certificate & TIN, an 11 digit unique number, which will serve as the VAT/TIN/CST Identity of your business.
Documents Required for VAT Registration
- Address and id proofs of the Proprietor/Partners/Directors
- Four passport size photographs of the Proprietor/Partners/Directors
- Certificate of Incorporation, MOA and AOA ( In case of Private Limited Company)
- Partnership Deed ( In case of Partnership Firms)
- PAN Card copy of Proprietor/Partners/Directors
- Copy of Rental Agreement / Sale deed of business premises
- Board Resolution (In case of a Company)