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Purchase from Un registered dealer...

This query is : Resolved 

24 July 2008 Dear Sir,

What would be remedy if it happened to purchase made from un-registered dealer who has already applied for registration (TIN).

Regards,

DB Chhetri

19 September 2008 Please explain your querry.

If you are purchasing goods for re-sale, no purchase tax will be levied. However ITC will not be available, being unregistered dealers willnot issue u tax invoices.

If you are purchasing goods for other purposes (consumption in your business), you may be liable for paying purchase tax, if the selling delaer is not paying so on such sales.



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