what happens when i buy goods from an unregistered dealer from out of state
sydlima@gmail.com (none) (59 Points)
07 April 2011what happens when i buy goods from an unregistered dealer from out of state
Devendra
(Chartered Accountant)
(4775 Points)
Replied 07 April 2011
WHEN YOU BUY GOODS FROM AN UNREGISTERED DEALER, YOU CANNOT CLAIM THE INPUT VAT WHILE COMPUTING YOU VAT LIABILITY.
REGARDS,
DEVENDRA
sydlima@gmail.com
(none)
(59 Points)
Replied 07 April 2011
| Originally posted by : Devendra | ||
 |
WHEN YOU BUY GOODS FROM AN UNREGISTERED DEALER, YOU CANNOT CLAIM THE INPUT VAT WHILE COMPUTING YOU VAT LIABILITY. BUT WHAT SOOULD B THE COST FRO ME WHEN I MAKE SUCH PURCHASES ... REGARDS, DEVENDRA |
 |
Joey Tribbiani
(fdg)
(2010 Points)
Replied 08 April 2011
In my opinion the only difference will be u will not be issuing Form C (provided u r registered). No CST will be payable by you, as the dealer is not registered.. Also as far as I know u will not be required to pay CST from your own pocket also..
sydlima@gmail.com
(none)
(59 Points)
Replied 08 April 2011
HMM AND WHAT IF I PURCHASE GOODS FROM A REGISTERED DEALER OUT OF STATE ..... I WILL ONLY HAVE TO PAY CST PROVIDED HE GIVES ME A C FORM .. IF HE FAILS TO GIVE ME A C FORM THEN I WILL HAVE TO PAY VAT AT LOCAL RATES .. AND I WONT B ABLE TO CLAIM SUCH CREDIT ALSO RIGHT ?
Nitin Grover
(CS)
(1228 Points)
Replied 08 April 2011
ASHUSH AGARWAL
(ARTICLE)
(64 Points)
Replied 13 April 2011
How can i confirm the registration of an individual supplier. what documents should i demand from him to know for a particular date invoice..
Plz suggest
Nitin Grover
(CS)
(1228 Points)
Replied 14 April 2011
Dear Sir
TIN / CST Number is written on Tax Invoice of that Prop. / Comapny.
You can ask for Certificate from VAT Authority but generally no body ask for this and prop might be denied to show it to you.
Regards
ASHUSH AGARWAL
(ARTICLE)
(64 Points)
Replied 14 April 2011
Dear Grover Sr
This is the main problem faced by me as the TIN no. is found to be invalid when i checked it on the below link and still the supplier says that the no. is valid. So what can be done to avoid that vat liability as the company is a construction co. which have no sales vat for set off. so its better for the company if that vat can be waived off. but can be done further to avoid vat amount from such dealers??
Plz suggest with example if any
Nitin Grover
(CS)
(1228 Points)
Replied 14 April 2011
Dear Sir
ask for the certificate copy and also you can check this from VAT Department.
and Sir this dealer is out of state then you can not take claim of INPUT VAT.
you can give only form C for lower rate of Tax
Regards
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 14 April 2011
| Originally posted by : ASHUSH AGARWAL | ||
|
Dear Grover Sr This is the main problem faced by me as the TIN no. is found to be invalid when i checked it on the below link and still the supplier says that the no. is valid. So what can be done to avoid that vat liability as the company is a construction co. which have no sales vat for set off. so its better for the company if that vat can be waived off. but can be done further to avoid vat amount from such dealers?? Plz suggest with example if any |
|
under this case u can ask for return copy of specific period filed by the party to show and chek whether your bill amount is mentioned there.
chetan
(accountant)
(321 Points)
Replied 14 April 2011
Dear Friend
Before it if he is not registred he cant charge tax on transacation. No matter of TAx,C form and all.
If you are buying goods from outside the state you wont get the c form from your sales tax dept. bcz the dealer is not registered in his state so he not having the Tin .
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