Karnataka VAT Rules 138,139 and 140
This query is : Resolved
ABHINAV AHUJA
(Querist)
15 July 2009
One of the duties of dealer opting for composition schemes under theses rules is :
they shall not collect tax on their sales.(sub rule 3 of rule 138,139 and 140)
It means dealer registered under composition scheme can not collect VAT separately on sales and also can not show it on invoice.
Please confirm.
they shall not collect tax on their sales.(sub rule 3 of rule 138,139 and 140)
It means dealer registered under composition scheme can not collect VAT separately on sales and also can not show it on invoice.
Please confirm.
CA. B.SRINIVASULU
(Expert)
15 July 2009
Yes. You are perfectly correct.
He cannot collect tax at all.
He cannot collect tax at all.
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