what is procedure to pay the vat on scrap purchase
This query is : Resolved
02 April 2009
one of my clint purchased sick industry as a scrap material , it was closed in the year of 2002, that's way they don't have vat registration and also waybills. in that situation, what is procedure to prepare invoice and what about tax on that scrap sale.what is the procedure to shift that material by my clint
02 April 2009
You have register with vat authorities. And the above will be treated as purchase from unregistered dealter and you have to pay vat on it. Being bulk amount you can adhoc amount to the dept. and can lift the materials from the industry.
The other way ask the indutry person to register now and then he can sell to you then you need not pay purchase tax unncessarlily.
The other way ask the indutry person to register now and then he can sell to you then you need not pay purchase tax unncessarlily.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
