GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

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 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

20-7-2017 GST CESS Rate

19-7-2017 IT

19-7-2017 IT

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

12-7-2017 CGST Rate

More Notifications


Latest Circulars:

19-7-2017 Goods and Services Tax

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

13-7-2017 Central Excise

13-7-2017 Customs

12-7-2017 Goods and Services Tax

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version