VAT Recovery
This query is : Resolved
15 March 2011
Suppose
if a unregistered dealer not in maharashtra, purchases from creditors inclusive of VAT. And Since he is unregistered dealer he cannt charge VAT to debtors. But can the VAT amt be recovered from debtor?and how?
if a unregistered dealer not in maharashtra, purchases from creditors inclusive of VAT. And Since he is unregistered dealer he cannt charge VAT to debtors. But can the VAT amt be recovered from debtor?and how?
16 March 2011
No you can not recover vat
16 March 2011
THANK YOU!!! BUT WHAT IF THE COMPANY IS IN TRADING BUSINESS WITH OUT PROFIT MARGIN AND SELLING THE GOODS EQUAL TO PURCHASE AMT. AND RAISING SEPERATE SERVICE FEE INVOICE. IN THIS SITUATION WILL VAT BE RECOVERED FROM DEBTORS????
16 March 2011
In tht case it is advisable to obtain regestration so tht u can ger credit of tax paid or otherwise u may charge more service fees.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
