Purchase from blacklisted dealer.
This query is : Resolved
Nagaraja S Hegde
(Querist)
19 May 2015
Hi,Is there any effect on VAT when we made the purchases from Blacklisted dealer?????.Thanks
19 May 2015
it shall be treated as unregistered dealer and you will have to pay tax on purchase if applicable in the State law.
If your seller has charged any amount of VAT on the bill, you will not get any ITC(Input tax credit)
If your seller has charged any amount of VAT on the bill, you will not get any ITC(Input tax credit)
Nagaraja S Hegde
(Querist)
19 May 2015
thank u very much sir..................
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