Answer Posted / neena sethi
A dealer whose turnover exceeds the prescribed limit is
liable to pay tax .
Two categories : 1) Importer : Total turnover of sales
exceeds Rs 1,00,000 and value of taxable goods sold or
purchased is not less than Rs 10,000.
2) Others : Total turnover of sales
exceeds Rs 5,00,000 and value of taxable goods sold or
purchased is not less Rs 10,000.
| Is This Answer Correct ? | 24 Yes | 3 No |
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