VAT,TIN require deposit ?
i want register TIN,VAT and CST in Bangalore Karnataka so is there any security deposit also kindly let me how much it cost to get it.. Thanks
Yes there is security deposit. Amount depends on evaluation of business proposal and comodities.
Registration Fee is Rs 500.
Go to Karnataka VAT website. Click on e-Registation and fill the form, also attach the scanned documents.
Pay the Registration Fee online or offline.
Inspector will inspect the dealers premises, once inspection is over. Security Deposit has to be made. Upon satisfication by Commissionar of VAT, certification of registration will be issued. User id and password will be issued by department to file online returns.
The security deposit amounts in respect of a normal registrations would be:
a) For turnover below 10 lakhs. : 3,000
b) For turnover above 10 lakhs to 25 lakhs : 4,500
c) For turnover above 25 lakhs. : 15,000
d) For turnover below 25 lakhs in areas other than city corporations and city municipality limits : 1,500