Vat- gujarat
jay
(Querist) 09 May 2012
This query is : Resolved
I have querry about purchase tax.
If I am registered dealer and I am purchasing goods from unregistered dealer than
1) whether I have to pay purchase tax first on the purchase from unregistered dealer and than I am able to take the credit of that purchased paid tax????
Suhail A.Siddiqui
(Expert) 09 May 2012
Is Gujrat VAT ask purchase tax on purchase from unregistered dealer. then u can see its treatment on tax. Otherwise in other state unregistered dealer purchase does not require to pay purchase tax .
Shonee Kapoor
(Expert) 09 May 2012
You would need to pay VAT on full amount, if the unregistered dealer can not provide you with VAT reciept.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
jay
(Querist) 10 May 2012
thanks but sir i am not getting any thing from the reply.....
and shonee ji i have one problem that how can a unregistered dealer can give vat recipt(invoice)
Please sir explain further because i cannot understand what you are trying to tell.........
Alpesh Upadhyay
(Expert) 13 May 2012
Sec 9 of the GVAT Act prescribed provisions about liability of PT. If a registered dealer purchase any taxable goods form URD than provision of sec 9 apply, while Sec 11(1)(a)(ii) provides input tax credit of PT paid. In general, if goods so purchased from URD is in turn sale, resale or used in mfg. by you and output tax payable on it, than no PT is payable by challan in cash, but in return one hand you have to disclose URD purchase and its PT liabilites and another hand the same amount of PT you will get credit. Ultimately, you have not to pay PT and also you will not get any excess credit of PT. Input credit is admissible of PT is subject to the provisions of Sec.11.
jay
(Querist) 14 May 2012
Thanks a lot Alpesh ji ,
now i understood ..
Experts like you make this site very helpfull to us.... thanks
