Reverse charge
This query is : Resolved
Ashok Sharma
(Querist)
19 December 2012
WHAT IS THE REVERSE CHARGE UNDER VAT?.
CA bhargava
(Expert)
19 December 2012
As far as iam concerned., if any registered dealer has purchased any goods from the non registered dealer., then the dealer who has purchased the goods has to pay the vat on the goods which he had purchased from unregistered dealer...
MJ Krishnamurthy
(Expert)
19 December 2012
A dealer can claim VAT paid on purchases as set off in his returns on a routine basis. When the conditions of set of are not satisfied : such as 1) the products are not sold or put other use,2)when they are sent out of the stste by other than sale 3)some products are burnt or destroyed etc,the set off already claimed has to be reversed to the required extent..MJK
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
