Will i have to pay tax in following condition :

Sir,
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 2 years ago in VAT from Mumbai, Maharashtra
You need not to pay any tax as you are end consumer.
Bill would be valid.
Shiv Kumar Agarwal
CA, Delhi
205 Answers
5.0 on 5.0
  Talk to Shiv Kumar Agarwal

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Abhishek Dugar
CA, Mumbai
1360 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1267 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
188 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
297 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
194 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
381 Answers
5.0 on 5.0
Mahendra Chaudhary
CA, Pune
22 Answers
4.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
205 Answers
5.0 on 5.0
B S Sridhar
CA, Chennai
43 Answers
5.0 on 5.0
Rajeev P T
CA, Chennai
34 Answers
5.0 on 5.0