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    <title>Is VAT required for a small sale ?</title>
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    <description>Registration under the state VAT regime is required where statutory thresholds for taxable sales or total turnover are met; non registration bars entitlement to input tax credit, making input tax an unrecoverable cost. Voluntary registration is available and any deposit required by the state may be set off against future VAT liability. Consult the state VAT provisions on compulsory and voluntary registration to determine whether registration and compliant VAT invoicing are legally required before trading without a VAT number.</description>
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      <title>Is VAT required for a small sale ?</title>
      <link>https://www.taxtmi.com/forum/issue?id=110061</link>
      <description>Registration under the state VAT regime is required where statutory thresholds for taxable sales or total turnover are met; non registration bars entitlement to input tax credit, making input tax an unrecoverable cost. Voluntary registration is available and any deposit required by the state may be set off against future VAT liability. Consult the state VAT provisions on compulsory and voluntary registration to determine whether registration and compliant VAT invoicing are legally required before trading without a VAT number.</description>
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      <law>VAT / Sales Tax</law>
      <pubDate>Sun, 20 Mar 2016 10:18:12 +0530</pubDate>
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