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Claim for ITC

VAT and Sales Tax - Started By: - Mohd Shariq - Dated:- 1-2-2016 Last Replied Date:- 3-2-2016 - Sir,I am purchasing construction material from unregistered dealer and reselling to registered dealer and I am paying tax on purchase also so can i claim ITC on sale? - Reply By RAM AVTAR - The Reply = No ITC is available only on the basis of Valid Tax invoice. You are liable to pay tax on your entire sale without availing ITC - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Shariq,Please refer to .....

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plicable on purchases made from unregistered dealer and subsequently input credit is also allowed provided the final product is taxable. - Reply By YAGAY AND SUN - The Reply = Dear Mohd Shariq, Please refer Section 5 (Levy of Tax on turnover of purchase) read with Section 13 (Input Tax Credit) meticulously. In our view since you are paying purchase tax and disposing such goods within State on payment of tax, therefore, you are eligible to avail the Input Tax Credit. Please also do contact with C .....

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h department ?? Even if such unregistered dealer collects tax from buyer (querist in this case) he cannot issue taxable invoice with an evidence of tax collected and most of all the invoice being issued by such unregistered dealer reflect only ex-duty price. Please explain - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Rahul,Issue is entirely different here. Unregistered Dealer is not collecting any tax. Purchase Tax is being paid by Buyer in case of purchase from unregistered dealer in th .....

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