Subject: Re: VAT
From: Subir Chakma <[email-masked]>
To: Shumona Banerji <[email-masked]>
Date: Wed, 18 Sep 2013 07:41:50 +0530 (IST)

Thanks 

Rgds Subir 

----- Original Message ----- 
From: "Shumona Banerji" <[email-masked]> 
To: "Subir Chakma" <[email-masked]> 
Sent: Monday, September 16, 2013 4:29:09 PM GMT +05:30 Chennai, Kolkata, Mumbai, New Delhi 
Subject: VAT 

VAT registered means registered for VAT purposes, that is entered into an official VAT payers register of a country. Both natural persons and legal entities can be VAT registered. Countries that use VAT have established different thresholds for remuneration derived by natural persons/legal entities during a calendar year (or a different period), by exceeding which the VAT registration is compulsory. Natural persons/legal entities that are VAT registered are obliged to calculate VAT on certain goods/services that they supply and pay VAT into a particular state budget. VAT registered persons/entities are entitled to a VAT deduction under legislative regulations of a particular country. The introduction of a VAT can reduce the cash economy because businesses that wish to buy and sell with other VAT registered businesses must themselves be VAT registered. 
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With Warm Regards 
Shumona Banerji