Who are dealers under VAT?
A dealer is a person who purchases, sells, supplies or distributes the goods in the course of his business for valuable consideration. The 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.
