https://www.taxtmi.com/forum/issue?id=110086 Value Added Tax registration governs issuance of a tax invoice: distributors whose taxable turnover is below the registration threshold are unregistered dealers, cannot collect VAT from customers, and the VAT they pay on purchases becomes their cost. Unregistered dealers may issue ordinary retail invoices or cash memos, while only registered dealers may issue tax invoices and charge and remit VAT on value addition. en-us Fri, 25 Mar 2016 15:17:59 +0530 Thu, 23 Jan 2025 15:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110086 Value Added Tax registration governs issuance of a tax invoice: distributors whose taxable turnover is below the registration threshold are unregistered dealers, cannot collect VAT from customers, and the VAT they pay on purchases becomes their cost. Unregistered dealers may issue ordinary retail invoices or cash memos, while only registered dealers may issue tax invoices and charge and remit VAT on value addition. Discussion-Forum VAT / Sales Tax Fri, 25 Mar 2016 15:17:59 +0530 https://www.taxtmi.com/forum/issue?id=110086