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Why Purchase Tax Paid if Purchase of Unregistered Deler

VAT and Sales Tax - Started By: - Mohd. Owais - Dated:- 12-2-2016 Last Replied Date:- 13-2-2016 - If i have ITC and Sale Inter State 2% then Why Deposit Purchase Tax on Purchase unregistered deler ??? - Reply By Ganeshan Kalyani - The Reply = ITC is .....

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= In the VAT regime the principle of purchase is adopted from the era of Sales Tax. Normally, purchase tax comes into play when goods are purchased from a dealer who is not registered with the VAT Authorities. To continue the chain of Value Addition .....

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