TMI BlogPurchases from Unregistered dealer in Hyderabad.X X X X Extracts X X X X X X X X Extracts X X X X ..... A Registered dealer has made purchases from Unregistered dealer in Hyderabad in the FY 2014-15 and didn't disclose aforesaid purchases in VAT returns and didn't pay any taxes on those said pur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chases. Is the Registered dealer liable to pay Taxes on said purchases? If yes, what is the rate and when could claim input credit of the same? Regards - Reply By YAGAY AND SUN - The Reply = D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ear Raju, If such goods are disposed off other than by way of sale in the Telangana State, then, you would have to pay the purchase tax at appropriate rate either 5% or 14.50% depending on the clas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sification of such goods. Not showing the goods in the VAT return is an offense. Regards, YAGAY and SUN (Management, Business Indirect Tax Consultants) - Purchases from Unregiste ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red dealer in Hyderabad. - Query Started By: - Raju Kumawat Dated:- 24-6-2015 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|