What are the methods of implementation of VAT?

Implementation. The standard way to implement a value-added tax involves assuming a business owes some fraction on the price of the product minus all taxes previously paid on the good. By the method of collection, VAT can be accounts-based or invoice-based.

What is VAT process?

Follow. Value-added tax (VAT) is a type of indirect tax levied on goods and services for value added at every point of production or distribution cycle, starting from raw materials and going all the way to the final retail purchase.

How do I register for VAT in India?

Submit an application for VAT in Form 1 along with the following documents to the local VAT office:

1. Central Sales Tax registration certificate(Form A)
2. Professional tax registration certificate(Form 2)
3. Copy of important documents such as the address proof, ID proof of the Proprietor/Partner/Director.

How can I register my GST in Kerala?

Documents required for GST registration in Kerala:

1. PAN Card.
2. Aadhar Card.
3. Photo of sole proprietor.
4. Address Proof of the company.
5. Statement of Current Bank Account /Cancelled Cheque.

Which is the state government that levies VAT in Kerala?

VAT is under the purview of the State Governments and in Kerala, VAT is levied and controlled by the Kerala Value Added Tax Act, 2003. In this article we look at Kerala VAT in detail, focusing on Kerala VAT Registration, Tax Rates and Kerala VAT E Filing.

How to register a VAT number in India?

The VAT registration online in India entails the following steps: Log on to your state’s VAT website and then click on the registration tab Add the required information and attach the necessary documents as a request for your company The company may be allotted a temporary VAT number

When do you have to file VAT return in Kerala?

Dealers registered for Kerala VAT must periodic VAT Return and an Annual VAT Return. Dealers who had VAT payable of more than Rs.10 lakhs during the preceding year must file their returns on or before the 15th of each month.

How do you get a vat certificate online?

On payment of the Professional fee deposit the TIN No. will be allotted and Certificate will be issued within a day. Online VAT Registration Procedure: Log on to your state VAT website and click on the registration tab. Add information and attach documents as request for your company. You may be allocated a temporary VAT registration number.