TaxTMI 
TaxTMI 
query on sale
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....uery on sale<br> Query (Issue) Started By: - sunandan sharma Dated:- 31-8-2015 Last Reply Date:- 4-9-2015 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>A partner ship firm registered under vatAnd ....
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....CST having given/ allotted the following items to resell: 1. Kiryana goods 2. Confectionery goods 3. Stationary goods. Now this firm sold some goods not mentioned in the vat registeration certific....
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....ate- like electric iron. electric bulbs, mobiles etc. what is the liability of the firm- having sold items not mentioned in the registeration certificate. Reply By YAGAY AND SUN: The Reply: It is ....
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....an offense under Punjab VAT Act. Please get your RC amended to incorporate the goods intended for trading. Reply By PARTHASARATHY V: The Reply: At the time of assessment, you may be ending up for pa....
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....yment of Purchase tax and input credit not permissible, also the sale of goods will attract VAT. Hence please amend the RC immediately to avoid unnecessary levy of tax and smooth availment of Input T....
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....ax Credit.<br> Discussion Forum - Knowledge Sharing ....