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
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