Vat application on urd purchase in maharashtra
This query is : Resolved
02 October 2011
MY PURCHASES RAW MATERIAL FROM THE LOCAL MUMBAI MARKET FROM URD DEALERS AND GETS MANUFACTURED IN TO A NEW PRODUCTS AND SALES IN THE LOCAL MARKET (HE IS A REGISTERED DEALER). HE DOES NOT GET ANY BILL FOR PURCHASE FROM REGISTERED DEALERS FOR RAW MATERIAL PURCHASED AND ALSO FROM THE LABOURERS. THIS WILL BE A PERMANENT POSITION. IS THERE ANY PROBLEM FOR NOT PURCHASING FROM REGISTERED DEALERS FOR EVER.
04 October 2011
YOU ARE A REGISTERED DEALER AND U PURCHASES GOODS FROM UNREGISTERED DEALER.
IF U R PURCHASING GOODS FROM UNREGISTERED DEALER AND THE AMOUNT OF PURCHASES EXCEED RS 500000/- THEN THE SELLER IS LIABLE FOR REGISTERED UNDER VAT.
EVEN IF THE OUR PURCHASES FROM SUCH PARTY EXCEDS RS 500000/- & HE HAS NOT REGISTERED THEN WE HAVE NO PROBLEM.
IT IS HIS RESPONSIBILITY TO GET REGISTERED AND CHARGE VAT.
IF U R PURCHASING GOODS FROM UNREGISTERED DEALER AND THE AMOUNT OF PURCHASES EXCEED RS 500000/- THEN THE SELLER IS LIABLE FOR REGISTERED UNDER VAT.
EVEN IF THE OUR PURCHASES FROM SUCH PARTY EXCEDS RS 500000/- & HE HAS NOT REGISTERED THEN WE HAVE NO PROBLEM.
IT IS HIS RESPONSIBILITY TO GET REGISTERED AND CHARGE VAT.
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