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This query is : Resolved
27 December 2012
Dear Experts,
My query is that if I have made purchases from an Un-registered dealer,then should I have to pay tax on same.And if yes then should I have to pay tax on bill amt or should I assume that it is already included in bill amount..... And After that in which column should i update in VAT Return website. please help me out in this problem..
My query is that if I have made purchases from an Un-registered dealer,then should I have to pay tax on same.And if yes then should I have to pay tax on bill amt or should I assume that it is already included in bill amount..... And After that in which column should i update in VAT Return website. please help me out in this problem..
27 December 2012
That is non creditable purchases to you. So you have to show it at VAT return under non creditable purchase. And you have to pay tax at the time of making sale by you. And the decision of tax including in bill or excluded in bill is depending on accounting and bills procedure of you. I.e if you following tax including bill(i.e tax amount separately not charging in the bill then assumes tax including in bill amount) if you collecting tax separately then tax will be separate and extra.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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27 December 2012
For any more clarification please ask your doubt if any.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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