BUYER VAT LIABILITY
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2010
WE ARE BUYING MATERIAL WORTH MORE THAN TEN LAKHS FROM A SOLE PROPRIETOR AND HE IS GIVING US INVOICE WITHOUT VAT.
ARE WE IN ANY WAY LIABLE FOR VAT.
SHOULD WE INSIST HIM TO GIVE A VAT INVOICE BECAUSE THE SAME IS APPLICABLE.
WE ARE IN SERVICE INDUSTRY NOT SUBJECT TO VAT AND SET OFF CREDIT AVAILABLE ON VAT FOR US.
ARE WE IN ANY WAY LIABLE FOR VAT.
SHOULD WE INSIST HIM TO GIVE A VAT INVOICE BECAUSE THE SAME IS APPLICABLE.
WE ARE IN SERVICE INDUSTRY NOT SUBJECT TO VAT AND SET OFF CREDIT AVAILABLE ON VAT FOR US.
13 January 2010
If you are covering under VAT you can ask to give VAT Invoice and even he will give VAT There is no use.Buyer is not liable for non charging of VAT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ASMT-10 received from A O
- Loss of interest in PF transfer from EPFO to Trust
- Average Cost Of High Quality Diamonds
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
