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.

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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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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