Urd purchases - works contract
This query is : Open
21 August 2012
Team
We as a construction company, doing some URD purchase like Sand, Bricks and hollow blocks and there are no tax invoices for these meterials. Could you please let me the tax implication on these URD purchases. Payment is being done by A/c payee cheques against vouchers for these vendors. Does these purchases needs any other documents for proof of purchase. please advise.
Thanks
Venkatesh
We as a construction company, doing some URD purchase like Sand, Bricks and hollow blocks and there are no tax invoices for these meterials. Could you please let me the tax implication on these URD purchases. Payment is being done by A/c payee cheques against vouchers for these vendors. Does these purchases needs any other documents for proof of purchase. please advise.
Thanks
Venkatesh
21 August 2012
under vat rules ( subject to your state vat rate list) these items are taxable, so you need biils for these,
21 August 2012
Thanks for your reply. However, as I stated earlier these suppliers are Unregistered dealers and will not be able to provide any biils. What's the solution??Do we need to pay tax on their behalf??
25 August 2012
can someone help me on this one??
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