Poonawalla fincorps
Poonawalla fincorps

Purchases from unregistered Dealer

This query is : Resolved 
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(Querist)
29 January 2009
is we required to pay tax / fine on purchases from unregistered dealer (Maharashtra)

Thanks in Advance.

Thanks & Regards
Mahendra
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
29 January 2009 As per the vat act when we purchase from unregistered dealer as a penalty we have to pay equivalent vat based on the category we fell. The vat we pay cannot be considered as input vat also.

Indirectly the purhcase tax is fine here.

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