Query regarding purchase and reverse tax.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2013
Please explain what is the difference between purchase tax and reverse tax with example.
Please give answer with a short example so that we understand better.
Please give answer with a short example so that we understand better.
23 January 2013
Nature is same because in case of purchase form unregistered deale, VAT is deposited directly to Govt by Purchaser itself while in service Tax , service tax is paid by Recipient
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2013
But I think there is another mean of Reverse Tax and Purchase tax in vat . Please guide........
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