TaxTMI 
TaxTMI 
Liability of additional tax for unregistered dealer
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....iability of additional tax for unregistered dealer<br> Query (Issue) Started By: - madhavvan n Dated:- 13-2-2010 Last Reply Date:- 13-2-2010 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>as per punj....
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....ab vat amendment section 8B inserted wherein it is mentioned that there shall be levied and collected on taxable turnover of a person other than registered person an additional tax which shall be calc....
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....ulated at rate of 10% of the tax payable by him under the act. does this mean that any body who is not registered under Punjab VAT is liable for payment of additional tax @10% on tax payable by him un....
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....der tha act the above provision is not clear can learned viwers throw light on the implication of above. Reply By DEV KUMAR KOTHARI: The Reply: It is necessary to read entire charging provisions and ....
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....also the relevant provisions and the context, purpose and scheme of the Act.<br> Discussion Forum - Knowledge Sharing ....