20 April 2014
UNREGISTERED DEALER is not supposed to pay the VAT but the BUYER who purchases goods from an UNREGISTERED DEALER needs toh pay VAT to him.
If UNREGISTERED DEALER doesnot pay the VAT it will be considered as INCOME for him..
Please Explain..
21 April 2014
As the unregistered dealer is not registered with the VAT depatt. it can not charge VAT from the purchasing dealers. Only dealers registered with the VAT depatt. are entitled to charge the VAT from the purchasing dealers and deposit the same with the VAT depatt.
CAclubindia
