Tax on sale of any good or item in called a sales tax, right away the state of value added tax is known as VAT. The products which are traded within the region is called a local sale or state vat such as Karnataka Vat, Delhi Vat, Hyderabad Vat, and so on. But the goods are sold across the state then this sale is called as inter-state sale and the central government put tax on such deals although it is called as Central Sales Tax or CST.
Sales Tax Registration is mandatory for all businesses and a dealer need to apply to the sales tax department in the given layout with all essential documents. The sales tax department provides a reference number or acknowledgement of the documents.
The revenue tax is obligatory for the entrepreneurs whose annual income falls in the bracket of 5 lakhs to 40 lakhs. If it is further than 40 lakhs then you have to acquire a value added tax registration. If the business generates sales across the states, it has to get hold of a central tax registration. Sterling Corporate Consultants Private Limited is a reputed tax consultant in Hyderabad that assist you with the registration and the monthly returns agreement.