VAT also is known as Value Added Tax is an integral part of buying and selling a product. In short, it is the tax you have to pay for using something. So any business which is predominantly into sales and has an annual turnover of 5 lakhs or more is liable to VAT. Whenever there is a purchase, the purchaser pays the tax to the seller and that’s how a consumer ends up paying this VAT.

You also get back what you have already paid after filing a return on the 20th of every month; however, LLPs, Proprietorship, and Partnership businesses can do it every quarter.

VAT registration is done under Taxpayer identification number also known as TIN. VAT registration may not be granted in case the office premise doesn’t look appealing or doesn’t fall under the quality parameters. If everything goes well, you have the registration.

Documents required

• Scanned copy of PAN cards of Partners/Proprietors/Directors
• Scanner copy of address proof; voter’s ID/ Driver’s license/ Passport
• Scanned passport sized photograph
• Scanned copy of rental agreement/sale deed or commercial space

For the purpose of entity (if there is any)

• PAN card of the company or partnership registered
• Board resolution if it is a company
• Certificate of Incorporation of Partners
• MoA and AoA

How we work

We will need the identity proofs like PAN card, address proofs like Voter’s ID etc. as well as four passports sized photographs of Partners/Directors/Proprietor whichever may be applicable. MoA and AoA should be submitted if it is a private limited company along with Form 32, Form 18 and incorporate certificate. In the case of the Partnership business, agreement of partnership should be submitted. The rent agreement also needs to be submitted if the office is a rented space together with the electricity bill.

After all the documents have been submitted, we file for the approval. A basic acknowledgment will be given in a week; however, may take up to 25 days for the overall process and final approval. After a physical inspection has been carried out, the Government authorities will sanction the TIN which is an 11 digit number. As soon as we get the approval, it will be sent to you.