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Tax

This query is : Resolved 
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(Querist)
10 May 2014 whether purchase from unregistered dealer is taxable in the hand of purchaser in karnataka vat act? please reply.
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Ravindra Srinivasa

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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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