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    <title>Annual return i.e. Form I-1 in TNVAT Act-2006</title>
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    <description>Whether a dealer may use Form I-1 depends on the applicable turnover threshold and the tax character of transactions: if a dealer&#039;s aggregate turnover exceeds the threshold, or if the dealer buys and sells taxable goods beyond that ceiling, the questions are whether Form I-1 remains permissible, whether tax is payable only on turnover beyond the threshold or on the whole turnover, and whether the dealer must switch to a different return classification.</description>
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      <description>Whether a dealer may use Form I-1 depends on the applicable turnover threshold and the tax character of transactions: if a dealer&#039;s aggregate turnover exceeds the threshold, or if the dealer buys and sells taxable goods beyond that ceiling, the questions are whether Form I-1 remains permissible, whether tax is payable only on turnover beyond the threshold or on the whole turnover, and whether the dealer must switch to a different return classification.</description>
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