Hi,
I am a trader in Tamil Nadu. I bought some products without bill and sold it with bill mentioning the tax amount, since the buyer insisted me to give a bill. The tax amount in the bill is around 6000 and my profit is only 1500. Should I have to pay the VAT amount to the government? Please advise.
Trader Must Pay VAT on Billed Sales Despite No-Bill Purchases; Register with Tax Department for Compliance. A trader in Tamil Nadu inquired about the obligation to pay VAT after selling products with a bill that included a tax amount of 6000, despite purchasing them without a bill. The trader's profit was only 1500. An advisor clarified that the VAT amount specified on the bill must be paid to the government within the stipulated period, and the trader should register with the tax department. The trader confirmed understanding that the 6000 VAT should be paid to the Commercial Tax Officer (CTO), which was affirmed by the advisor. (AI Summary)
TaxTMI 
TaxTMI 
