Purchases from unregistered dealer

V.C Kamakshi Lahari (Articled Assistant) (24 Points)

08 August 2013  

 

Sir,

 

I have purchases from both registered and unregistered dealers. I have to pay purchase tax on purchases from unregistered dealer. Can I setoff  the input credit of registered dealer purchases with purchase tax?

 

I mean to say that, If I have to pay Rs.100 as purchase tax and I have input credit of Rs.500 from purchases that I have made from registered dealers, can I setoff this and carry forward Rs.400 as input credit for next month????

 

Kindly reply as soon as possible.

 

Thanks