I want to know about casual dealers.
1)Is ITC available for casual dealers if they purchase goods or services from registered person??
2)Advance payment of tax is compulsory for casual dealer.. How we calculate their liability of advance tax?
3)how we initiate first transaction from its home branch? On issue of voucher or raised IGST tax invoice?
Please share your views on this... Because Act and Rules doesnt have any clarity about this.
Thank You.
CA Matin Mansuri
9712222194
(Ahmedabad)
Dear sir, Yes ITC is availabe, if they pur goods in the state in which they are casually reg, they can avail CGST and SGST as ITC.
Advance tax is to be deposited on estimate basis.
CAclubindia
