24 July 2013
In which STATE? You have not mentioned the state.
Generally, each state vat act is different in handling the unregistered dealers. In southern states VAT Act, the purchaser has to pay tax and can avail input credit subsequently. This is the liability if you purchase from unregistered dealer.
25 July 2013
Purchased from unregistered dealer of mp and mp vat and entry tax liability. How to show in vat return mean Gross turnover less U.R.D. purchased
13 August 2013
As Mr Rengaraj hs pointed out while buying from a unregistered person a dealer has to pay tax at the applicable rates goods under .This amount of URD purchases gets added to the turnover.If a taxable goods under ET is purchased from an RD there will be exemption,as ET is always a single point levy.If the same purchase is done from an URD then exemption can not be claimed.As cited earlier the tax collected on URD purchases can be caimed as input tax.....mjk
CAclubindia
