I am going to open a pharma distribution. It's any compulsory to take tin number. I am opening newly. How can I give the invoice to customers. And I have dought about on what amount we have to place vat amount. Means on MBP OR on sale rate. Please reply me for this
You need VAT registration if your minimum sales cross 10 lakhs in a year. However it is advised to take VAT registration to avoid harassment from department.