Ostroff, Fair and Company
*Ostroff, Fair and Company>>>India Taxes

We are a private company. we have purchased bricks from un regd.dealers. are we liabil to pay tax u/s 6A?



in our factory construction is going on. the tax authorities are insisting to pay tax on purchase value of bricks and sand whcih purchased from un registered small dealers. If it is necessary to pay tax that will be very cost to us to construct the buildings

If you are purchasing from an unregistered dealer you need to pay tax.

Now the issue is VAT is introduced in most states so the implication can be worked out. If had purchased from a registered dealer you could have availed a set off.

You may also work out tax implication versus saving you made by purchasing from UR dealer
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