Menu
Vat 240 clarification
In vat 240, some purchase i. e input tax not claimed purchases, are shown in the sl. No of unregistered purchases. We have genuine bills. Now karnataka vat intelligence says we have to pay tax. What is the remedies.. Can we prefer an appeal
Replies (2)
You have to pay tax on pur from unregistered dealer. And then on sale of such goods you can take credit of the same
I feel, u can prefer appeal, when u have regular book of accounts,and genuine bills, u should not penalised for a mistake, only u have to prove it.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
