Urd purchases karnataka
This query is : Open
25 June 2012
can anybody tell me which commodities can be shown as URD purchases in VAT act karnataka
26 June 2012
URD purchase means -commodities purchased from unregistered dealer in karnataka. There is no specific products for URD purchases. All the scheduled commodities can be purchased both from URD and Registered dealer. The only thing is, if you purchase commodity from registered dealer, you can avail ITC (Input tax credit). The dealers with a turnover below 2 lakhs are called URD.
rengaraj r.k
rengaraj r.k
26 June 2012
thank you sir, but why URD purchase voucher should be below 15,000/-, there is no rule of fixed amount for urd purchase, than what is the use of urd purchase voucher below 15,000/-
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