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Purchase of stock from unregistered Distributor

This query is : Resolved 

09 April 2008 Hi,
Friends & Respected Experts,

If anyone purchases inventory without paying VAT or from an unregisterd seller or distributor and sells the same at 4% or 12.5% VAT.

So how to show the same in accounts?
As 4%or12.5% VAT Purchase or 0% Vat Purchase?

Please do the needful help or advise about the same.

10 April 2008 If purchases were made from unregistered dealer, who is not legally exempt, VAT will have to be paid by the purchaser on such purchaser, at the applicable rates for the goods. This VAT is available for set off when sale is made by him.

11 April 2008 Sir,
Suppose i don't have the tax invoice but i have actually paid the VAT on the purchases and selling those goods with VAT then will i get the input VAT credit for the purchases made in absence of tax invoice.
And also advice how to disclose those purchases? As 4%or12.5% VAT Purchases or 0%VAT Purchase.




11 April 2008 Without tax invoice how can u claim credit?

13 June 2014 if a registered dealer purchases goods from URD, he is liable to pay purchases tax.



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