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Purchase from unregistered dealer

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2012 Dear All, Please solve my problem,
My question is that,
1-What is purchase tax and how is accounted in the books of registered dealer?
2-Suppose we are a registered dealer, and we purchase some items from unregistered dealer as per given
Taxable goods – 10,000.00
Capital goods – 150,000.00
Unregistered dealer has not charged any tax, if they charge any tax, how it will be treated (i.e. what effect in trading A/C) in both ways?
Please give response.
Thanking you,
Mr. Shafi Ahmad
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
29 November 2012 un registered dealer can not charged any vat of cst so full amount to be booked as purchase amount.

you will sale after chaging your profit.
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