VAT Registration

VAT Registration

Sales Tax/Vat registration is broadly known as TIN registration. TIN stands for Taxpayer Identification Number, is unique number allotted by Commercial tax department of respective State. It’s an eleven digit number to be mentioned in all VAT transactions and correspondence. There is no difference in VAT/CST/TIN because these days only one number is needed for all type of sale you made. TIN number is called VAT number when it used for intra state sales. The same TIN number is being considered CST number when it used for interstate sales . VAT is a multi-stage tax with the provision to allow 'Input tax credit (ITC)' on tax at an earlier stage, which can be appropriated against the VAT liability on subsequent sale.

Therefore, VAT is ultimately borne by the consumer. VAT is collected and governed by the State Government, so each State Government in India has distinct rules applicable for their State based on the type of good manufactured or sold.

Requirement

TIN/VAT/ Sales Tax registration is required for any business that is into sales either by way of trading, manufacturing, whether individuals, partnerships, Companies, or other forms of businesses.

Process of obtaining TIN

This is to be applied with the local Sales Tax Department in the prescribed forms along with specified fees and necessary documents. On completion of the formalities, a Tax Identification Number (TIN) is granted.

REQUIRED DOCUMENTS FOR SALES TAX REGISTRATION

   

1. Copy of the PAN card of an individual or Owner (affixing the stamp along with  signature)

2. Address Proof of the proprietor i.e Copy of Passport (first & last page)/Voter’s I-Card /UID (Aadhar Card) /Driving Licence (any one of these) Aadhar Card of the Proprietor compulsory in case of New Delhi.

Address proof of sole-proprietorship firm, if premises is.

Owned:-

• Address proof of the premises like Latest Electricity bill, Telephone bill etc.

Rental:-

• Copy of Rent agreement of the office premises from landlord.
• NOC from Landlord (required in stamp paper of Rs 10/- )
• Copy of ownership documents of landlord like electricity bill, telephone bill, Bank statement etc.Details of Bank Account of the Business (A copy of signed cancelled blank cheque)

3 .Registration Fees as per the State Sales Tax Act.

4. Passport size of photograph of the proprietor (3 no’s)

5. Details of the top 5 commodities in which the dealer proposes to deal.

6.Valid Email ID & Telephone Number of the proprietor.

7. Security amount as per the State sales tax act ( In Delhi Now Nill ) by way of Bank Guarantee in favor of the Sales Tax Department  .

B.   IN CASE OF PARTNERSHIP FIRM:-

1. Photocopy of the PAN card of the Partnership firm(affixing the stamp along with partners signature)

2. Complete set of the Partnership deed.

3. Address proof of Partnership Firm, if premises is.

Owned:-

• Address proof of the premises like latest electricity bill, telephone bill, Bank statement etc.

Rental:-

• Copy of Rent agreement of the office premises from landlord.
• NOC from Landlord (required in stamp paper of Rs 10/- format enclosed)
• Copy of ownership documents of landlord like latest electricity bill, telephone bill, Bank statement etc.
• Rent Receipt.

4. Registration Fees as per the state sales tax act.

5. Pan card of the partners(Signed by all the partners)

6.Address proof of the partners(Signed by all the partners)

7.Details of Bank Account of the partnership firm (Account Number, MICR Code, Name & Address i.e. copy of signed cancelled blank cheque)

8.Passport size of photograph of each partner (3 no’s)

9.Details of the top 5 commodities in which the dealer proposes to deal.

10.Valid Email ID & Telephone Number of the Partnership Firm.

11.Security amount as per the State sales tax act ( In Delhi Now Nill ) by way of Bank Guarantee in favor of the Sales Tax Department.

C.   IN CASE OF COMPANY:-

1. Photocopy of the PAN card of the Company (affixing the stamp along with director’s signature)

2. One copy of MOA/AOA of the company with stamp and signature of the directors in the first page, subscription sheet and last page.

3. Copy of certificate of incorporation of the company (Affixing the stamp along with director’s signature.

4. List of Directors as per MCA (Signatory details)

5. Address proof of Company, if premises is..

Owned:-

• Address proof of the premises like Latest Electricity bill, Telephone bill, Bank statement etc.

Rental:-

• Copy of Rent agreement of the office premises from landlord.
• NOC from Landlord (required in stamp paper of Rs 10/- format enclosed)
• Copy of ownership documents of landlord like electricity bill, telephone bill, Bank statement etc.

6. Pan card of the each directors (self attested with company stamp)

7. Registration Fees as per the state sales tax act.

8. Address proof of the each directors (self attested with company stamp)

9. Resolutions passed by the Board of Directors for authorized person at meeting (On the letter head of the Company)

10. Details of Bank Account of the company (Account Number, MICR Code, Name & Address i.e. copy of signed cancelled blank cheque).

11. Passport size of photograph of each director (3 no’s)

12.Details of the top 5 commodities in which the dealer proposes to dea.

13. Valid Email ID & Telephone Number of the Company.

14. Security amount as per the State sales tax act ( In Delhi Now Nill ) by way of Bank Guarantee in favor of the Sales Tax Department  . 

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