New Partnership Firms Registration for DVAT

[Ramesh Parmar]

Whats the surity system for Registration, and normal formalties for Mfg. & Trading business's Registration.

[rishi mohan]

In case of a vat registration there are two options for approving guarantee. They are as follows:-

1. Bank Guarantee (Rs. 1,00,000/-). It can be reduced by palcing certain legal documents.

2. Local surety bond duly signed by the registered dealer (who is already registered in vat). Same like as is done when getting a new bank account opened with the bank. This can be said as the introduction also.

Rest reguired forms are to be filled and filed for registration.

AI Summary

VAT registration security options: bank guarantee or local surety bond as acceptable assurances for registration. Partnership firms seeking VAT registration must provide either a Bank Guarantee, reducible on presentation of legal documents, or a Local Surety Bond signed by an existing registered dealer acting as introducer; additionally, applicants must complete and submit the required registration forms and related documentation for manufacturing or trading businesses.