18 December 2007
Is it the duty of the buying dealer to ascertain that the vendor is a registered dealer and he has paid the duty collected? If yes please give me the relevant extracts from law?
19 December 2007
If you have purchased goods & dealer has collected the tax through tax invoice it will not be your responsibility to check as above. Only important is collection of tax in invoice, registration no on the invoice & its effective date
21 December 2007
Yes, it is the duty of the buying dealer to ascertain that the vendor is a registered dealer, if he wants to
01. Avail the Input Credit. 02. Want to save purchase tax That is why, it has been made compulsory for the dealers to display their registration certificate as place of buisiness.
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