sir, I am from chennai , tamil nadu. If I purchase from a trader who says he is under 50 lac -with no tax chargeable cateogry- where shall I FILL HIS TIN NUMBER & AMOUNT , AS IN ANNEX1 there is no provision
4 Replies
sundaresan
(partner)
(288 Points)
Replied 02 December 2014
Yes you can show the purchase from Form K delar in Annexure I with the respective code and tax amount should be Zero.
vijayakumar
(proprietor)
(172 Points)
Replied 02 December 2014
| Originally posted by : sundaresan | ||
 |
Yes you can show the purchase from Form K delar in Annexure I with the respective code and tax amount should be Zero. |  |
thank you sir,
is this compulsory ? ie in the annexw 1 -tin number of the party/name of tthe party amount etc as normal excepting the % of tax as 0 & amount collected as 0
sir, what is purchase under sec 12 which is shown in form I while filling this
thank you very much sir,
vijayakumar
sundaresan
(partner)
(288 Points)
Replied 02 December 2014
Section 12 Purchase is Purchase with out bills for that you have pay tax on claim on subsequent month.
IT is better if you inculde all the purchases.
vijayakumar
(proprietor)
(172 Points)
Replied 25 February 2016
Sir, there is a small problem. If I show the form K purchase as you had suggested - the sales tax authorities -compel me -not to buy from FORM-K dealer - & ask me to buy from Vat dealer.
That is why I want to avoid mentioning the purchase of FORM K .Is it ok/
Thanking you.
vijayakumar
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