Without bill purchase

Punit (Querist) 26 September 2016 This query is : Resolved
Respected sir
We are online sellers most of our products are purchased without bill we make purchase of around 7 lakh monthly so i just want to know how do i get bills for those purchases and how can i pat Vat on it also how much i need to pay Vat if i purchase a product for rs 100 and i sell it for 200rs

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Raj Kumar Makkad (Expert) 26 September 2016
Every seller is bound to issue the bill of the commodities mentioned therein. This is your legal right to get.

For computation of VAT etc. consult your chartered accountant.

Rajendra K Goyal (Expert) 26 September 2016
Purchases with out bill can result in evading tax, are not legal.

Avoid such purchases, consult your tax consultant for proper accounting.

Kumar Doab (Expert) 26 September 2016
Demand bills from sellers.

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