Our team of professionals is well equipped to offer the following services in regard to Karnataka VAT and Central Sales tax – Advisory on the applicability and levy of Central and VAT or State Sales tax laws.
Periodic compliance management
Legal tax planning
VAT (Value Added Tax) is a multipoint tax levied on every sale of goods in the State by a dealer. VAT is collected by the dealer and the same is remitted to the Government. So, those entities who sell goods in the State of Karnataka have to register with Commercial Tax department of Karnataka.
Registration will be compulsory for dealers having a turnover (sale of goods) that exceeds or likely to exceed Rupees 10,00,000/- during a financial year or if the taxable turnover exceeds 83,000/- in any one month, then such a dealer has to get himself registered.
The person who is dealing in interstate purchase and sale is required to register for Central Sales Tax Act. There is no separate registration for CST. There is a combined application for registration under KVAT, CST and entry tax.
Manobin Sini & Associates also deals in indirect tax consultation in Bangalore, helps you in getting VAT Registration, CST Registration in Bangalore apart from statutory compliance required under Karnataka Value Added Tax Act.