05 January 2009
A DEALER PURCHASE THE GOODS FROM UNREGISTERES DEALER IN A PARTICULAR MONTH, AND IN THE SAME MONTH HE SOLD ALL THE PURCHASES MADE FROM URD, WHETHER DEALER FIRST HE HAS TO PAY VAT ON URD PURCHASES, THEN CLAIM INPUT ON OUTPUT OR WHETHER HE HAS TO PAY THE DIFFERENCE OF TAX ALONG WITH MONTHLY RETURN?
05 January 2009
when you are sold the goods then you are liable to tax liability if you are kept the same goods as stock tax is not paid on purchase vat liability starts from sales of the goods
CAclubindia
