Hi Sir,

My father has some collection of Audio vacuum tubes of (1930 to 1980 maf ) which are used in Radio and Amplifier which he had purchased some as scarp and some new purchased 30 to 40 years ago and those are used, unused, NOS ( New old stock ).

I need to sale them with bill within Karnataka in shop

turnover less than 2 Lakh per Yr

what are the Lic is required?

1.VAT registration/ TIN

2.Shops and Establishments

List of Documents what I have

Rent agreement of business place

Electricity bill of rented premises

Address proof ( Telephone Bill )

My Pan Card

Tax paid -khata certificate

Along with that even I want to sale:-

Used Old Radio/Turntable /cassette player

Used CD /LP/ cassette

Used radio, Turntable, & Amp spears and component.

New Amplifier assembled at the workshop ( With brand Name)

New audio output transformer assembled at the workshop ( With brand Name)

Regards,

Amarnath

Posted 2 years, 10 months ago by Arun Amarnath


First, In Karnataka your turnover upto 10 lakhs in a year is not liable to tax. Subject to some conditions. You mentioned that your turnover will not cross Rs. 2 lakhs in a year.

You are thus not liable for registration. You should sell these items with bills.

However, even if you are not liable for VAT registration even then you can obtain vat registration. complete Vat registration procedure.

Posted 2 years, 10 months ago by CA Pulkit Sharma


Thank you, Sir.

So I can sell them with a bill without any registration like VAT and Shops and Establishment.

Regards,

Amarnath

Posted 2 years, 10 months ago by Arun Amarnath


Hi Sir,

If I want to buy  New audio output transformer from a vendor/ supplier or manufacturer and sell in Karnataka With My brand Name what will I have to do?

Regards,

Amarnath

 

Posted 2 years, 10 months ago by Arun Amarnath


 Yes you can sell with bill without charging VAT. If you are buying from outside of Karnataka, you will require VAT registration.

Excise is a separate tax law, and minimum changeability manufacturing value is Rs. 1.5 crores.

Posted 2 years, 10 months ago by CA Pulkit Sharma


Thank You very much, Sir.

All my vendor/ supplier or manufacturer are from Karnataka.

Regards,

Arun 

Posted 2 years, 10 months ago by Arun Amarnath


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