Become a Govt. Certified GST Practitioner. Batch begins 18th Nov. Register Now!

Purchase from unregd. dealer

Sumiti Jain (FP) (1364 Points)

21 January 2011

IS THERE ANY THRESH HOLD LIMIT FOR PURCHASE FROM UNREGISTERED DEALER?

IS INPUT CREDIT AVAILABLE FROM SUCH PURCHASE?

Reply
Follow
Share

3 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 21 January 2011

No limit and you can not take input credit on purchase from unregd. Dealer.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Himanshu Khurana (Chartered Accountant) (813 Points)
Replied 28 January 2011

There is no limit for purchase for unregistered Dealers and u can not take Input credit on this purchases

But there is some Expectation in VAT Act. You can take credit of Input Tax if Unregistered Dealer purchase from Registered Dealer & Pay VAT on time of Purchase.

tme s limted,bt drms r unlmtd (Mba ( fin.) Ca final Student) (257 Points)
Replied 30 January 2011

Originally posted by : himanshu
	There is no limit for purchase for unregistered Dealers and u can not take Input credit on this purchases But there is some Expectation in VAT Act. You can take credit of Input Tax if Unregistered Dealer purchase from Registered Dealer & Pay VAT on time of Purchase.