I wanted to know how can I carry forward indirect taxes and in case when I carry forward indirect taxes (Excise Duty, Vat, Service Tax etc) how will the government collect the same. I am attaching a sample bill for better understanding.
Abhishek Mawle (x) 19 February 2012
I wanted to know how can I carry forward indirect taxes and in case when I carry forward indirect taxes (Excise Duty, Vat, Service Tax etc) how will the government collect the same. I am attaching a sample bill for better understanding.
V.Devananda Narasimham (Advocate) 19 February 2012
On verification of your attached bill, it is seen that a bill relating to purchase of medicines and full details are not available. The question is also not complete. Whether you are a trader, manufacturer,consumer etc are not mentioned. In the absence of proper naration, I declained to answer this query.
Abhishek Mawle (x) 20 February 2012
I am a consumer
V.Devananda Narasimham (Advocate) 21 February 2012
Mr. Abhishek,
All types of indirect taxes are born by the end consumer. A registered dealer under the appropriate Act is entitiled to collect VAT, Excise duty or service tax. In this case since you are a last consumer on the chain of transfer of property, you are the person suffer all indirect taxes imposed under a statute and not exigible to carry forward any thing by way of tax.
V .Devanand
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