Why Purchase Tax Paid if Purchase of Unregistered Deler

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....hy Purchase Tax Paid if Purchase of Unregistered Deler<br> Query (Issue) Started By: - Mohd. Owais Dated:- 12-2-2016 Last Reply Date:- 13-2-2016 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>If i ....

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....have ITC and Sale Inter State 2% then Why Deposit Purchase Tax on Purchase unregistered deler ??? Reply By Ganeshan Kalyani: The Reply: ITC is different than the purchase tax. ITC can be adjusted aga....

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....inst output tax whereas purchase tax is not on output on your end hence it is not ITC but however after paying purchase tax you can certainly tax the credit. Reply By YAGAY AND SUN: The Reply: In the....

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.... VAT regime the principle of purchase is adopted from the era of Sales Tax. Normally, purchase tax comes into play when goods are purchased from a dealer who is not registered with the VAT Authorities....

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..... To continue the chain of Value Addition, purchase tax is being levied by the State Government. This purchase tax is also available as Input Tax Credit if goods are disposed off with payment of VAT/C....

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....ST as the case may be but not available as ITC if the goods are stock transferred or disposed off otherwise.<br> Discussion Forum - Knowledge Sharing ....