Vat charge query
This query is : Resolved
20 January 2016
Tommorrow i am going to purchase a jewellery of Rs.73000, and dealer asked me to pay in cash .He will issue me the retail invoice because he is not registered dealer, also he will charge 1 % vat in his invoice.
Can i ask him to not charge vat as he is not registered dealer and naturally he will not deposit the vat amount in governement account.
Urgent reply
Can i ask him to not charge vat as he is not registered dealer and naturally he will not deposit the vat amount in governement account.
Urgent reply
20 January 2016
If he his not registered then he can`t issue vat invoice, he can`t charge 1% VAT.
20 January 2016
thank you sir,
but sum person charge vat but not shown the sale in books or not deposit the vat amount in government account. is it possible to evade tax of vat
but sum person charge vat but not shown the sale in books or not deposit the vat amount in government account. is it possible to evade tax of vat
21 January 2016
SOME DEALER ARE DOING THIS WRONG PRACTICE. BUT WHENEVER THEY TRACED BY DEPARTMENT THEY WILL HIGHLY PENALISED.
21 January 2016
Thank you very much sir,
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