Hiiiii everybody
I am working in a contract company in which composite contract has been done
any body plz tell me if i hav purchase some goods from a unregistered dealer and sale it to contractee whether i hav to pay vat on sale along with vat on purchase also as i purchase it from unregistered dealer
regards
rinki goyal
I think you have to pay tax on sale along with vat on purchase, because of purchasing from the unregistered dealer.
If purchases from unregistered dealer by a register dealer than liability of tax on purchased goods will be on buyer. This is as per the Karanataka vat Act.
Regards
Dayananda
Thank
but i want to know for UP vat act as i do the contract at noida and my company situated at Gurgaon(haryana)
Refer section 5 of UP vat act as per which liability tax is on buyer it he has purchased goods from unregistered dealer with some exception on non vat goods
Regards
Dayananda
CAclubindia
