Claim of inputs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2013 Dear sir,

Is there any provision in the West Bengal VAT act that if we have purchased the good from the unregistered seller we are required to pay VAT or any other tax to the state government.

Assumption: We have consumed such goods in our business i.e. we have not sold such goods and thus goods never get taxed.

looking forward for your quick response.

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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26 January 2013 Input Tax credit can be claimed if it is used the manufacture of goods for resale

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2013 Dear Chandra Ji,

I wanted to know whether we are require to pay any tax on the purchase or nor if we are purchasing any goods from unregistered dealer which we will consume in our business i.e. we are not going to sell those goods.

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CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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28 January 2013 yes you will have to pay tax on purchase from unregistered dealer ,

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2013 Dear Chandra Ji,

By the combined reading of sec 12 (1)(a) and Sec 22(4)(a)to(i) of the VAT act 2003, I could make that if we have purchased any goods from unregistered dealer and consumed in the business the we are not require to pay tax on such purchase.

So sir, please clarify me this problem.

looking forward for your reply.