Do we have to pay tax on profit if i am purchsing from unregistered dealer
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Answered by
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Heya!!
The answer is yes,we have to pay tax on profit even if anyone is purchasing from an unregistered dealer...Because everyone are the citizens of india and everyone are having equal rights,advantages and disadvantages...So india being a democratic country it is necessary for everyone to pay tax and the tax money is used by the government for the benefits of the country...
Hope it helps uh☺️
The answer is yes,we have to pay tax on profit even if anyone is purchasing from an unregistered dealer...Because everyone are the citizens of india and everyone are having equal rights,advantages and disadvantages...So india being a democratic country it is necessary for everyone to pay tax and the tax money is used by the government for the benefits of the country...
Hope it helps uh☺️
Answered by
0
hey friend...
here's your answer...
If the registered dealer is buyinggoods or services from anunregistered dealer then, the registered dealer will be liable topay tax on supply. All other categories of supplies will be notified by Central or State government that will fall under reverse charge
hope it helped you
plz mark this as Brainliest ❤✌
here's your answer...
If the registered dealer is buyinggoods or services from anunregistered dealer then, the registered dealer will be liable topay tax on supply. All other categories of supplies will be notified by Central or State government that will fall under reverse charge
hope it helped you
plz mark this as Brainliest ❤✌
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