Would it not be difficult for a less educated shopkeeper to maintain business record?

Would it not be difficult for a less educated shopkeeper to maintain business record?


The businesses whose annual turnover is less than Rs. 7.5 million will be out of VAT. VAT does not prescribe any watertight records. It only identifies the type of record and leaves the manner and style of its maintenance to the discretion of the taxpayer. Besides, VAT generally provides for very simple records.