26 July 2011
under dvat if an unregistered dealer charge inputvat what is the consequenses. please explain section 40 of the dvat act, which says tax collected by a person who is not a registered dealer shall not be refunded and shall stand forfieted.
26 July 2011
If unregistered dealer charges VAT then no credit is allowed and the tax paid shall not be refunded as he will issue only the tax paid invoice
CAclubindia
