VAT /CST registration

[sanjay malviya]

Dear Expert

Please advice if any one trade textiles item i.e non taxable item in Jammu & kashmir and interstate , sale tax registration mandatory or not , if yes please advice procedure with theresold limit.

Firm based on jammu & kashmir

[YAGAY andSUN]

Jammu & Kashmir provides VAT Exemption to the units which are established in the StAate.  VAT is chargeable but on the invoices equivalent price adjustment to the extent of VAT is being provided by the Dealers to nullify to impact of VAT (SRO 90).

For further clarifications, please go through  the JKVAT Act read with JKVAT Rules.  You can also get the clarification from JKVAT Department under DDQ after paying the nominal fees.

AI Summary

Is Sales Tax Registration Required for Non-Taxable Textiles in J&K? VAT Exemption Details Explained Under SRO 90. A query was raised about whether sales tax registration is mandatory for trading non-taxable textile items in Jammu & Kashmir and interstate. An expert replied that while VAT is chargeable, units in Jammu & Kashmir receive VAT exemptions. Dealers adjust invoice prices to nullify VAT impact as per SRO 90. For detailed information, it is advised to consult the JKVAT Act and Rules or seek clarification from the JKVAT Department after paying a nominal fee.