Hi friends i have doubt on treatment of purchases from Unregistered Dealer (URD) according to Karnataka VAT 2003.
One of our client has taken input tax credit at 12.5% on purchases from URD & same carried forward to next month as there is no sales in that month. Is this treatment is right? please help me out
credit taken on unregistered purchase is wrong !!
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Arpan Bohra & Co
Hyderabad
CA Inter
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CCI
Pro
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