I am not taken any input. while doing purchase from URD. the vat liability arises on buyer. so buyer has to create VAT liability and pay to department. so I given the credit effect only
04 November 2013
Yes, Whenever goods are purchased from unregistered dealer,tax burden is added to the purchases cost of particular goods as the ITC is not available.
05 November 2013
Purchase Dr to creditor cr. In Gujarat no vat is payable on urd purshase so no entry to be pass for vat but if vat is payable in other state on urd purchase entry for vat is input vat Dr to vat payable account and such vat is also eligible for credit
VAT credit in case if URD purchase is not allowed.. However, Such VAT on purchase will be considered as the part of the cost as such isn't refundable...
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