Dear Colleagues,
A sole proprietoship firm has unregistered purchases over Rs 1 cr. All are made in Cash.
Can you suggest me whether Purchase tax is applicable to such firm and if not then when is it applicable?
Thanks and regards
Indranil
Indranil (Chartered Accountant) (177 Points)
29 December 2012Dear Colleagues,
A sole proprietoship firm has unregistered purchases over Rs 1 cr. All are made in Cash.
Can you suggest me whether Purchase tax is applicable to such firm and if not then when is it applicable?
Thanks and regards
Indranil
MudraMantri
(Wantapreneur)
(491 Points)
Replied 30 December 2012