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.