Material purchased with out vat

TIRUMALA (MBA) (111 Points)

31 January 2013  

My Question is that Supplier and Buyer is same State i.e AP and both are registered under the VAT. VAT is taxable on the material.

In case of material purchased with out VAT (i.e not included in the bill) and the same was taken in to accounts by the buyer.  What is the consequences.

Buyer is loss or gain