TaxTMI 
TaxTMI 
Purchase from URD
05 May 2015 
1 Reply 
1782 Views Asked by
Guest 
Purchase limits from unregistered dealers: query seeks whether VAT/CST imposes monthly or yearly caps and depends on state law.
Whether a registered dealer faces statutory limits on purchases from an Unregistered Dealer under VAT/CST is the core issue; no substantive rule is provided and the responder requests the governing statute and State jurisdiction because thresholds and compliance consequences depend on the applicable VAT/CST enactment and state rules. (AI Summary)
Whether a registered dealer faces statutory limits on purchases from an Unregistered Dealer under VAT/CST is the core issue; no substantive rule is provided and the responder requests the governing statute and State jurisdiction because thresholds and compliance consequences depend on the applicable VAT/CST enactment and state rules. (AI Summary)
Dear Sir/sCould u please clear my conception, that, being we are a registered dealer is there any limitations fur us to purchase from any URD.If so, please let me know what is the maximum limit of purchase from URD by RD monthly/yearly.