Question:

Is a retailer with annual sales less than Rs 2 million liable to be registered under sales tax law?

by Guest7976  |  8 years, 10 month(s) ago

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I am a retailer with annual sales less than Rs.2 millions. Am I liable to be registered under sales tax law?

 Tags: annual, law, liable, million, registered, retailer, RS, Sales, tax

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  1. Guest4483
    Under sales tax law , the following categories of business are liable to be registered:                                         a. All importers,                                                                          b. All wholesalers (including dealers) and distributors,                                                                            c. Manufacturers not falling in cottage industry. {Cottage industry is defined as having annual turnover below Rs.5 million and whose annual utility bill (including electricity , gas and telephone) does not exceed rupees six hundred thousand},                              d. Retailers (having value of supplies of over 5 million rupees, in any tax period during the last 12 months.                                                                                     e. A person required under any Provincial or Federal Law to be registered for purpose of any duty or tax collected or paid as if it were a levy of sales tax, e.g. service providers like hotels, clubs, caterers, customs agents, ship chandlers, stevedores, courier services etc.                                                                               f. Persons making zero-rated supplies, including commercial exporter who intends to obtain sales tax refund against his zero rated supplies.                                   g. A person who is required to be registered by virtue of aforesaid criteria, but still avoids registration, can be compulsorily registered by the department, after proper enquiry, under sub-rule 1 of Rule 6 of Sales Tax Rules, 2006.

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