TOT Meaning ?
Turnover Tax (TOT)
Andhra Pradesh Value Added Tax Act, 2005 prescribes threshold limits for VAT registration - dealers with a taxable turnover of over Rs.40.00 lacs, in a tax period of 12 months, are mandatorily registered as VAT dealers. Dealers with a taxable turnover, in a tax period of 12 months, between Rs.5.00 to 40.00 lacs are registered as Turnover Tax (TOT) dealers
AP VAT dealer can buy goods for business from anywhere in the country, a TOT dealer is barred from buying outside the State of A.P.