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8.
Voluntary Registration
1) A VAT dealer registered under clause (a) of
sub-section (6) of Section 17 shall fulfill the following requirements namely,-
(a) the dealer shall be making taxable sales;
(b) the dealer shall have a prominent place of business
owned or leased in his name;
(c) the dealer shall have a bank account;
(d) the dealer shall not have any tax arrears
outstanding under The Andhra Pradesh General Sales Tax Act, 1957 or The Central
Sales Tax Act, 1956 or under the Act.
2) A VAT dealer registered under clause (a) of
sub-section (6) of Section 17, shall,-
(a) maintain the full records and accounts required for
VAT;
(b) file accurate and timely VAT returns and pay any tax
due;
(c) remain registered for 24 months from effective date
of registration.
3) Where VAT dealer registered under clause (a) of
sub-section (6) of Section 17 fails to file timely tax returns and fails
to pay any tax due and his taxable turnover remains under the limits specified
in sub-sections (2) and (3) of Section 17, the authority prescribed shall cancel
such registration after giving the VAT dealer the opportunity of being heard.
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