– The rate of VAT varies depending on the goods being sold and the state in which transaction takes place.

-Yes, it is advisable to be in office during the inspection. The authorities inform in advance the time of visit.

– Returns are to filed on the 20th of each month.

– To register sales tax, a copy of PAN Card, proof of address of business, constitution of the business [Partnership deed, Incorporation Certificate, etc] and Identity Proof of Promoters are required. [Partnership deed, Incorporation Certificate, etc] and Identity Proof of Promoters is required.

• -VAT Registration applies if the annual turnover of the business crosses Rs. 5 lakhs in most states, though some have raised this to Rs. 10 lakhs.