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Register
with "VAT"
Value added tax (VAT), or goods and services tax (GST),
is a consumption tax levied on value added. In contrast
to sales tax, VAT is neutral with respect to the number
of passages that there are between the producer and
the final consumer; where sales tax is levied on total
value at each stage, the result is a cascade (downstream
taxes levied on upstream taxes).
By definition, exports are consumed abroad and are
usually not subject to VAT; VAT charged under such
circumstances is usually refundable. This avoids downward
pressure on exports and ultimately export derived
revenue. A VAT is an indirect tax, in that the tax
is collected from someone who does not bear the entire
cost of the tax.
Register
with VAT
A dealer is a person who purchases, sells, supplies
or distributes the goods in the course of his business
for valuable consideration has to register with the
VAT Authorities.
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How to Register VAT
1. Download forms from the button
below.
2. Fill the Application in duplicate and affix
photograph.
3. Attach the following documents
to the application
a.
Copy of the constitution document e.g. Partnership
deed for partnership
firm, Memorandum and Articles of Association for
a company.
b.
Board Resolution authorizing the signatory
to sign the application
in case of company.
c.
Proof of identification of the authorized
signatory e.g. voter identity
card, passport, driving license.
d.
Proof of principal place of business e.g.
rent receipt, lease agreement,
electricity bill.
e.
Submit the forms to the jurisdictional Central
Excise Office
4. Submit the above in the nearest Commercial
Tax Office.
5. On submission, the Commercial Tax Officer
would verify if the submission
is complete and desirable.
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6.
He would make a field inspection of your premisis.
7. The Office of Commercial Tax Officer would send you
the VAT CERTIFICATE
8. Once registered, you will have to account for output tax
that is attributable to your taxable sales. You will also
have to submit VAT returns monthly
to the Commercial Taxes Department and keep proper books of
accounts.
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Click
here to Download VAT/CST registration form. |
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