30 December 2009
My company is a registered dealer. as we have only export, we don't have to pay sales tax but have to file 'NIL' return.
During the year 2006-07 some fixed assets purchased out of them a few is purchased from unregistered dealer and we have the invoice/bill copy. Now AO is saying that we have to pay the tax on those purchaes. is he right? Seller had not charged VAT/Sales tax from us as his turnover is very low and his firm is not registered.
30 December 2009
AO is right if we purchase from unregistred dealer the purchasing person has to pay the sales tax to department but this is based on local sales tax act please refer the same
CAclubindia
