Unregistered dealer and deduction

Mahavat 434 views 1 replies

We have a vendor who supply some material to us.

 

They do not have a vat number as their turnover is a small.

 

How should i book this purchase . Should it be plain purchase from Unregistered dealer .

 

Should I deduct 12.5 vat from his bill and pay this vat?

PLease inform guidelines with references to MVAT acts and circulars if any.

 

They 

Replies (1)
If dealer is not registered under mvat...den such purchase qualify as unregistered purchase...no que of vat just a plain entry of purchase...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register