10-21-2011, 07:52 PM
AOA,
If ABC pvt ltd. is not sales tax registered firm, it has to pay its vendors for supplies and if vendors do not deduct GST, is there any harm in making payment through abc company account excluding GST to vendors.
What would be its implications legally. How to resolve such issues. While filing return of income tax abc company is allowed to deduct such purchases (without GST) as expenses or not?
Your input is highly appreciated.
Best Regards
ALI AMJAD
If ABC pvt ltd. is not sales tax registered firm, it has to pay its vendors for supplies and if vendors do not deduct GST, is there any harm in making payment through abc company account excluding GST to vendors.
What would be its implications legally. How to resolve such issues. While filing return of income tax abc company is allowed to deduct such purchases (without GST) as expenses or not?
Your input is highly appreciated.
Best Regards
ALI AMJAD
