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which tax is levied

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..... which tax is levied
Query (Issue) Started By: - Roshan Begrajka Dated:- 9-3-2015 Last Reply Date:- 13-3-2015 VAT + CST
Got 4 Replies
VAT / Sales Tax
Hi all, One of my client, Mr x (Registered dealer) doing business of Readymade garments in Jharkhand purchasing goods from Mr Y of West Bengal readymade manufacturer (not a registered dealer). when Mr x sells goods to any other person c .....

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..... harges VAT @ 5% on such goods and paid to the Govt. My query is 1) Is there any tax levied on Purchase? if any then which tax and what is the procedure 2) where we have to show in VAT return 1) purchase from unregistered dealer or 2) Any other rows. Please reply and suggest, its urgent. Thanks in advance Reply By Pradeep Khatri: The Reply: Dear Roshan, Purchase Tax is applicable wh .....

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..... ere goods are purchased without payment of duty and disposed off other than by way of sales. In your case, goods are being procured without payment of vat (procured from unregistered dealer) but at the time of sale, VAT is being charged. Therefore, in our view you are not liable to pay the purchase tax in Jharkhand. Regards YAGAY and SUN (Management, Business and Indirect Tax Consultants) Repl .....

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..... y By Roshan Begrajka: The Reply: ok thnx but the same amount of puchase is shown in purchase from unregistered dealer or in Inter state purchase. pls reply Reply By sarveshwar mundra: The Reply: purchases should be shown as inter state purchase in vat return. Reply By Roshan Begrajka: The Reply: Then they will ask entry tax etc
Discussion Forum - Knowledge Sharing .....

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