Need A Financial Product Forums Tax Savings Implications if Importer doesn’t pay local body tax

This topic contains 1 reply, has 2 voices, and was last updated by  Sudhir Nagar 2 years, 6 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47314

    Sudhir Nagar
    Member

    If the Importer or the seller of product doesn’t pay local body tax, will the purchaser will be liable?

    #47315

    Ram Gaikwad
    Member

    Local body tax is a tax which is imposed on the entry or the import of the products so primarily it’s a responsibility of a seller or importer to pay local body tax for the product which he/she brought under municipal limits. So it’s a duty of dealer to discharge local body tax in respect of the goods which he brought under the limits of city for sales. If in case the person other than registered dealer brings product under the city limits and thereafter sells it to a registered dealer for the purpose of , sell, consumption or use, then the registered dealer is obligated to pay local body tax until it is proved that local body tax has been already discharge for these products.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com