Will i have to pay tax in following condition :
I am planning to make a purchase of less than 1lac in a day from a small time dealer who claims to have annual turnover of less than 10lacs, thus is liable to tax exemption.
Now, on the bill, would I still have to pay the tax to him as he isn't paying tax due to nature of tax exemption I just described in the above paragraph?
Furthermore, would the bill be valid?
(I am a end consumer and do not plan to resell the product)
Thanks for your time.
Asked 1 year ago in VAT from Mumbai, Maharashtra
You need not to pay any tax as you are end consumer.
Bill would be valid.
Talk to Shiv Kumar Agarwal
5.0 on 5.0