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URD PURCHASE

Mahavat 11565 views 7 replies

WHAT IS ABOUT URD  PURCHASE ?

IF A REGISTERED DEALER MAKE  WHOLE OF ITS PURCHASE URD

WHAT WOULD BE TREATMENT IN RETURN

Replies (7)

FIRSTLY IT DEPENDS ON THE STATE  IN WHICH VAT IS LEVIED.

IN MAHARASHTRA VAT, THE DEALER IS NOT ALLOWED TO TAKE THE CREDIT OF THE VAT PAID ON THE PURCHASE MADE FROM UNREGISTERED DEALERS WHILE CALCULATING THE VAT LIABILITY FOR THE SPECIFIED PERIOD.

In Case of purchase from Un register dealer, as per Maharashtra Vat , it reflact seperatly in e-return form in row of purchase from unregister dealer and no set of calculated against these kind of purchase.

Unregister dealer can not issue tax invoice, therefore purchases from unregister dealer does not inculde tax and so input tax credit is not available.

On the sale of the same goods by Register dealer, he will be laible for the payment of tax if the goods sold are not of exempt category.

i m satisfy with u all saggestion thanks you all sir

Purchases  From  URD There is No Payment of "Purchases TAX" na

there is no liability on RD on purchases from URD I M right Na

 

Purchases  From  URD There is No Payment of "Purchases TAX" na

there is no liability on RD on purchases from URD I M right Na

Pls., Given me Link of Section Also

 

when u purchase from a unregistered dealer.

you deposit tax on purchase

and that tax claim as ITC 


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