Tax payable or not?
This query is : Resolved
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.
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
30 December 2009
As per MVAT Act no such purchase tax is payble
31 December 2009
Ramesh is right.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- TDS on TRUST
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
