Puchase (retail invoice)

This query is : Open

Ketan Suru (Querist)
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09 September 2013 Please Help on The Followings:

1) VAT credit is available if TAX INVOICE is there.

2) VAT credit is not available if RETAIL INVOICE / UNREGISTERED PURCHASES are there.

We paid VAT to Seller & No credit is admissible, whether VAT is payable to Government in Addition to VAT paid to Seller???

Please Guide on the Above.

Thank You.

Ketan Suru

RENGARAJ R.K

RENGARAJ R.K (Expert)
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09 September 2013 DEAR KETAN SURU,

YOU HAVE NOT INDICATED WHICH STATE THE QUERY RELATES TO.

IN GENERAL, IN ADDITION TO TAX PAID FOR YOUR SALES, PURCHASE TAX IS APPLICABLE (AS PER YOUR STATE VAT ACT) FOR PURCHASES FROM UNREGISTERED DEALER.

Ketan Suru

Ketan Suru (Querist)
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10 September 2013 Dear Rengaraj R.K. Sir,

-Company has taken TIN in Gujarat.
-Purchased goods from Madhya Pradesh (Retail & URD)
-Goods purchased in MP as Building Construction Project is there.
-Building Project is under construction.
-No Sale has yet been made.

My Question is whether VAT is payable to Government in addition to VAT paid on Retail Invoice & URD purchases?

Please guide on this.
Ketan Suru

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