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

New Partnership Firm Registration for DVAT: Bank Guarantee or Local Surety Bond Options Explained A discussion on a forum addressed the process of registering new partnership firms for the Delhi Value Added Tax (DVAT). A user inquired about the assurance system and standard procedures for registration in manufacturing and trading businesses. A response outlined two options for providing a guarantee: a bank guarantee of Rs. 1,00,000, which could be reduced with specific legal documents, and a local surety bond signed by an already registered VAT dealer. Additionally, necessary forms must be completed and submitted for registration.