VAT & CST Registration

VAT & CST Registration

Value Added Tax (VAT) and Central Sales Tax (CST) are the taxes applicable on Sale and Purchase of goods in India.

There are two type of Sales tax applicable in India

  • Value Added Tax (VAT) applicable on transactions taking place within a state
  • Central Sales Tax (CST) applicable on transactions of sale and purchase between two states in India.

RATE STRUCTURE OF SALES TAX IN INDIA

  • At the time of registration the company has to declare its products of business. Based on this the Tax rate will be decided by the Sales Tax Department.
  • The Sales Tax Department has declared various tax rates for VAT and CST depending on the type of product.
  • The General Tax Rates are
    1. Nil
    2. 1%
    3. 4%
    4. 5%
    5. 12.50%

DOCUMENTS REQUIRED FOR SALES TAX REGISTRATION

  • PAN Card of the Company (Duly Attested by Director with Company’s rubber stamp)
  • Memorandum & Article of Association of the Company (Duly Attested by Director with Company’s rubber stamp)
  • Certificate of Incorporation of the Company (Duly Attested by Director with Company’s rubber stamp)
  • Proof of Address of the Company (Duly Attested by Director with Company’s rubber stamp)
  • PAN Card Copy of All Directors (Duly Attested with Directors)
  • Proof of Address of all the Directors of the Company (Passport/Driving License/ Election Photo ID/Telephone-Electricity Bill etc. (Duly Attested by Director)
  • One personalized cancelled cheque of the Company’s Bank Account.
  • List of Directors with Name, Residential Address, PAN No, Professional Tax No
  • Payment of Rs. 5000/- as registration fees and Rs. 25000/- as Security Deposit to be refunded after 3 years in case of Voluntary Registration.

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