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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 fo 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. vote 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.
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 registration form. |
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