Charges for VAT / CST Registration

[Asked by 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 and SUN]

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

thanks for your answer.

Can you tell me what is surity bond?

thanks

[YAGAY and SUN]

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 and surety bonds required for VAT/CST registration, though some online registration routes waive deposit temporarily.
Applicants for VAT/CST registration must furnish either a security bond or a surety bond as a condition of registration; these bonds assure payment of tax, interest or penalty if the registered dealer defaults. A surety bond is executed by two registered dealers in the same State who undertake secondary liability. Certain online registration routes may temporarily waive the need to deposit security subject to portal rules.