INTERVIEW QUESTIONS TAX VALUE ADDED TAX DETAILS

Question: Who are Dealers under Value Added Tax (VAT)?

Answer: A Dealer is a person who purchases, sells, supplies or distributes the goods in the course of his business for valuable consideration. The Value Added Tax (VAT) Act includes:-

(1) Local authority, Company, Hindu undivided family, Association of persons, Firm

(2) Casual trader, factor, commission agent, delcredere agent, auctioneer, local branch of the firm or company situated outside the State

(3) Person who effects transfer of property in goods other than by way of sale

(4) dealer in hire purchase, works contract, person who transfers right to use the goods

(5) Dealer in eatables including food and drinks (ie., hotels, restaurants and sweet stalls).

(6) Port Trust, Railway Administration, Shipping, Transport and Construction Companies, Air Transport Corporation and Airlines.

(7) Any person holding permit for transport vehicles

(8) Tamil Nadu State Road Transport Corporation

(9) Customs Department, Insurance Company, Advertising Agencies

(10) Corporation or Companies of State and Central Governments.

A Dealer is a person who purchases, sells, supplies or distributes the goods in the course of his business for valuable consideration. The Value Added Tax (VAT) Act includes:-

(1) Local authority, Company, Hindu undivided family, Association of persons, Firm

(2) Casual trader, factor, commission agent, delcredere agent, auctioneer, local branch of the firm or company situated outside the State

(3) Person who effects transfer of property in goods other than by way of sale

(4) dealer in hire purchase, works contract, person who transfers right to use the goods

(5) Dealer in eatables including food and drinks (ie., hotels, restaurants and sweet stalls).

(6) Port Trust, Railway Administration, Shipping, Transport and Construction Companies, Air Transport Corporation and Airlines.

(7) Any person holding permit for transport vehicles

(8) Tamil Nadu State Road Transport Corporation

(9) Customs Department, Insurance Company, Advertising Agencies

(10) Corporation or Companies of State and Central Governments. Source: CoolInterview.com

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