Purchase from unregistered dealer

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Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2012 Dear All, Please solve my problem,
My question is that,
1-What is purchase tax and how is accounted in the books of registered dealer?
2-Suppose we are a registered dealer, and we purchase some items from unregistered dealer as per given
Taxable goods – 10,000.00
Capital goods – 150,000.00
Unregistered dealer has not charged any tax, if they charge any tax, how it will be treated (i.e. what effect in trading A/C) in both ways?
Please give response.
Thanking you,
Mr. Shafi Ahmad

Ram Avtar Singh

Ram Avtar Singh (Expert)
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29 November 2012 un registered dealer can not charged any vat of cst so full amount to be booked as purchase amount.

you will sale after chaging your profit.

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