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Unregistered purchase

Arundhati Raychaudhuri (no designation)     31 August 2012

Arundhati Raychaudhuri
no designation 
 5 likes  340 points

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if a registered dealer makes unregistered purchase then what will be its tax implications?

Karthikeswaran (Audit asst)     31 August 2012

Audit asst 
 21 points

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Purchase Tax to be paid as per TNVAT Section 12

Harshal Fifadra

Harshal Fifadra (Chartered Accountant)     03 September 2012

Harshal Fifadra
Chartered Accountant 
 95 likes  1489 points

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dear arundhati

No tax implications ...... The registered dealer has just made URD purchase ...

No ITC allowable on the URD purchase....

The dealer wil have to show the URD purchase separately in returns and the audit report ...



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