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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 .....

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VAT Act of your state as most of the states have provisions incorporated that the benefit of Purchase Tax is available in case of purchase from unregistered dealer provided the final product is taxable. (Set off can be made to have Revenue Neutralit .....

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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 purch .....

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oncerned Authority in this regard for cross check on this matter. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants) - Reply By CS RAHUL AGARWAL - The Reply = Sir,I am unable to understand as to why is buyer paying tax on purc .....

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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-dut .....

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e Reverse Charge Mode as the provisions of law. - Reply By CS RAHUL AGARWAL - The Reply = Dear Sanjay Sir,Ok. I got it now. Its Purchase Tax over here in query. Thank you so much Sir for the clarification. - Reply By SURESH ASTEKAR - The Reply = Dear .....

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