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Vat 240 clarification

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accountant
33 Points Joined November 2011
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
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On 05 February 2016 at 09:31 Report
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CA - Final
1367 Points Joined September 2009
You have to pay tax on pur from unregistered dealer. And then on sale of such goods you can take credit of the same
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On 05 February 2016 at 10:16
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accountant
33 Points Joined November 2011
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.
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On 28 March 2017 at 19:39

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