Liable to VAT or not? if yes then how much %

[Faruque Ansari]

I am purchasing clothes in meter from market without paying VAT and making it into a part of shirt ( semi marketable) and my turnover is more than 5 lakhs in 9 months. Am I liable to pay Vat?, if yes then how much?

AI Summary

VAT Registration Required for Selling Semi-Marketable Shirt Parts After Exceeding 5 Lakh Turnover in Nine Months A user inquired about the applicability of VAT on purchasing clothes by the meter, converting them into semi-marketable shirt parts, with a turnover exceeding 5 lakhs in nine months. A consultant advised that since the threshold limit has been reached, it is advisable to register and pay VAT, which is 5% in this case.