clause (9) sub-section (A) section 11 of Karnataka VAT
"Tax paid on goods purchased by a dealer who is required to be registered under the Act, but has failed to register."
2 Replies
Shankar Reddy.V
(Tax consultant)
(81 Points)
Replied 20 January 2012
Hi
Section 11 (a)9 :
A dealer who is mandatorily required to register as per section 22 of KVAT Act,2005, if fails to get himself registered, such a dealer is not eligible for input tax deduction/purchase tax paid u/s 3(2) of this act.
In this case section 24 of this act provides for" suo motu" registration of such dealers and not withstanding such" suo motu" registration, the input tax/purchase tax paid under section 3(2) does not qualify for deduction
neelesh
(student)
(67 Points)
Replied 20 January 2012
Do you mean that a registered dealer purchases goods from a unregistered dealer who is liable to get registered under the act, tax paid on such purchases under U/S 3(2) will be restricted
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