Purchase from un registered dealer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2013
Dear sir,
As we know that we can not take vat credit if we purchase from un registered dealer.
but any way we purchase from un registered dealer. I want to know that waht are the dificulties if we purchase from un-reg Dealer. We are the registered Dealer.
As we know that we can not take vat credit if we purchase from un registered dealer.
but any way we purchase from un registered dealer. I want to know that waht are the dificulties if we purchase from un-reg Dealer. We are the registered Dealer.
13 August 2013
you can purchase goods for unregistered dealer.
as the unregistered dealer is not registered he shall not charge VAT so there is no question of taking credit of Input VAT paid.
There is no difficulties for purchasing goods from unregistered dealer unless you have opted for composition scheme (most of the composition scheme dealer can not purchase goods from unregistered dealer so plz check the conditions of composition scheme if you are composition scheme dealer)
as the unregistered dealer is not registered he shall not charge VAT so there is no question of taking credit of Input VAT paid.
There is no difficulties for purchasing goods from unregistered dealer unless you have opted for composition scheme (most of the composition scheme dealer can not purchase goods from unregistered dealer so plz check the conditions of composition scheme if you are composition scheme dealer)
21 February 2015
If you are registered dealer and not having composition scheme, you have to pay purchases tax on your purchases made from URD. though you can take credit of same as ITC.
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