Charges for VAT / CST Registration

[Guest]

Dear Sir,

please advise me basic charges for VAT / CST registration ?

as we are only dealing with Export the material from India. I found that government take some deposit to give registration  in VAT / CST.

but we will never dealing with local market in India. please advise me how can save my money instead of  deposit to government of India?

[YAGAY andSUN]

No way out. For getting registration you need to furnish either, secuirty Bond or surity bond.

[Guest]

thanks for your answer.

Can you tell me what is surity bond?

thanks

[YAGAY andSUN]

Surity Bonds, under VAT/CST Laws are prescribed forms, which are needed to be submitted at the time of getting registration certificate, duly signed by two dealers duly registered with VAT/CST athorities of the same State who undertakes to pay the tax amount/ interest or penalty in case the main dealer does not able to pay the same.

[V K]

no security to be deposited for DVAT Registration up to 30 June 13 , if applied online thru DVAT Site

http://delhi.gov.in/wps/wcm/connect/doit_tradeandtaxes/TradeAndTaxes/Home/Public+Documents/

 

Regards.. Vikas Kapoor

AI Summary

Security or Surety Bond Needed for VAT/CST Registration; No DVAT Deposit Required if Applied Online by June 30, 2013. A user inquired about the basic charges for VAT/CST registration, specifically for exporting materials from India, and sought advice on avoiding government deposit requirements. Respondents explained that a security or surety bond is necessary for registration. A surety bond involves two VAT/CST-registered dealers from the same state who guarantee payment of taxes, interest, or penalties if the main dealer defaults. Another respondent noted that no security deposit is required for DVAT registration until June 30, 2013, if applied online through the DVAT site.