Good Afternoon to all,
We are in hotel business, we purchasing the Charcoal from one of our vendor. He is registered the Vat. He is charging 5% Vat on the charcoal.
But as per my knowledge charcoal exempted from tax in karnataka,,, but he registered in Karnataka Govt.
So my question is Charcoal exempted from Tax but he registered in Govt. How is it possible..
Awaiting for your valuable replies....
If charcoal is exempt from tax and still the seller has charged VAT, you can correspond with him and obtain a Debit Note for the excess amount collected from you and he can file a revised return within six months.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
