Tax
This query is : Resolved
10 May 2014
whether purchase from unregistered dealer is taxable in the hand of purchaser in karnataka vat act? please reply.
Ravindra Srinivasa
(Expert)
12 May 2014
Under Karnataka VAT, when you purchase from an un-register dealer, there will be no input VAT credit. But when you sell the same, output VAT is applicable at the appropriate rate for the product.
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