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TMI BlogWhy Purchase Tax Paid if Purchase of Unregistered DelerX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 different than the purchase tax. ITC can be adj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... usted against output tax whereas purchase tax is not on output on your end hence it is not ITC but however after paying purchase tax you can certainly tax the credit. - Reply By YAGAY AND SUN - The Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply = 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 VA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T Authorities. To continue the chain of Value Addition, purchase tax is being levied by the State Government. This purchase tax is also available as Input Tax Credit if goods are disposed off with pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment of VAT/CST as the case may be but not available as ITC if the goods are stock transferred or disposed off otherwise. - Why Purchase Tax Paid if Purchase of Unregistered Deler - Query Started B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: - Mohd. Owais Dated:- 12-2-2016 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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