WHAT IS ABOUT URD PURCHASE ?
IF A REGISTERED DEALER MAKE WHOLE OF ITS PURCHASE URD
WHAT WOULD BE TREATMENT IN RETURN
7 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 25 October 2010
FIRSTLY IT DEPENDS ON THE STATE IN WHICH VAT IS LEVIED.
IN MAHARASHTRA VAT, THE DEALER IS NOT ALLOWED TO TAKE THE CREDIT OF THE VAT PAID ON THE PURCHASE MADE FROM UNREGISTERED DEALERS WHILE CALCULATING THE VAT LIABILITY FOR THE SPECIFIED PERIOD.
Bharti
(Account Executive)
(36 Points)
Replied 25 October 2010
In Case of purchase from Un register dealer, as per Maharashtra Vat , it reflact seperatly in e-return form in row of purchase from unregister dealer and no set of calculated against these kind of purchase.
Bhavin Bhadra
(Job)
(174 Points)
Replied 25 October 2010
Unregister dealer can not issue tax invoice, therefore purchases from unregister dealer does not inculde tax and so input tax credit is not available.
On the sale of the same goods by Register dealer, he will be laible for the payment of tax if the goods sold are not of exempt category.
MOHD. MUZAFFAR ALI
(CONSULTANT)
(32 Points)
Replied 25 October 2010
i m satisfy with u all saggestion thanks you all sir
Hiren
(Asst. Manegers)
(139 Points)
Replied 04 July 2012
Purchases From URD There is No Payment of "Purchases TAX" na
there is no liability on RD on purchases from URD I M right Na
Hiren
(Asst. Manegers)
(139 Points)
Replied 04 July 2012
Purchases From URD There is No Payment of "Purchases TAX" na
there is no liability on RD on purchases from URD I M right Na
Pls., Given me Link of Section Also
garg.acu@gmail.com
(garg.acu@gmail.com)
(47 Points)
Replied 19 August 2012
when u purchase from a unregistered dealer.
you deposit tax on purchase
and that tax claim as ITC
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