VAT for start up food joints and restaurants

Is it mandatory for restaurants or food joints to get VAT before they star ?
 I read at many sites that 5 lac or above turn over makes the VAT applicable.
Please guide
Asked 1 year ago in VAT from Ghaziabad, Uttar Pradesh
Dear Sir,

Yes there are limits for VAT applicability. If your turnover is below that limit, you dont need to take registration. However, limit varies from state to state. Generally its 5 Lacs/ 10 Lacs.

Thanks and Regards,
CA Abhishek Dugar 
Abhishek Dugar
CA, Mumbai
1899 Answers
5.0 on 5.0
  Talk to Abhishek Dugar
Hello Sir,

Yes you are very much correct about the Vat registration part. But it is not mandatory before you start. 

It is mandatory only after you cross a specified turnover during a financial year which differs from state to state but is usually in the 5-10 Lacs bracket. 

Trust this clarifies your query. 

Feel free to call back/ get back in case of further clarifications. 

Thanking You. 

Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP. 
Rohit R Sharma
CA, Mumbai
1680 Answers
5.0 on 5.0
  Talk to Rohit R Sharma

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Lakshita Bhandari
CA, Mumbai
400 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1680 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
537 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
326 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
363 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
404 Answers
5.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
225 Answers
5.0 on 5.0
B S Sridhar
CA, Chennai
43 Answers
5.0 on 5.0
Ria Nagpal
CA, Ahmedabad
46 Answers
5.0 on 5.0
Prakash Sinha
CA, Delhi
112 Answers
4.9 on 5.0