Saturday, May 22, 2010

Would registration of new businesses in VAT be centralized or localized?

Would registration of new businesses in VAT be centralized or localized?

Chapter-VI of the Bill deals with VAT registration regime. VAT registration will
be managed centrally at FBR level. However, the role of the LTUs and RTOs for physical verifications, as and where needed, will continue to matter under VAT regime. Detailed registration procedures will be prescribed in VAT Rules.

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