URD PURCHASE

This query is : Open

maheboob (Querist)
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07 February 2011 HI,

IN CASE OF GRANULE (PLASTICS WASTE)TRADING THE DEALER FILING THE RETURN HAVE TO CHARGE VAT @5%.

BUT IN CASE OF PURCHASES HE DONT GET ANY TAX INVOICE BECAUSE THEY ARE NOT REGISTERED WE ONLY GET KACCHA BILL.

MY QUERY IS THAT WHETHER I HAVE TO PAY TAX (VAT) ON PURCHASE , CAN I SHOW THAT URD BILL AMOUNT IN MY RETURN WHAT WILL BE THE CONSQUENCES

THANKS & REGARDS
MAHEBOOB PATHAN

K A Asmath

K A Asmath (Expert)
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07 February 2011 At the time of procurement you may have to pay tax as URD purchase and can utilise the credit of such tax against the tax payable on sale of granules to end customers by yourself.

maheboob

maheboob (Querist)
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09 February 2011 whether in assessement of vat i will have to pay tax on that urd purchase or not in mvat

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