Tax liability

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2012 SIR
PLEASE CONFIRM ME IF WE PURCHASE FROM A PARTY AND PAID VAT ON SAME BUT THE SELLER DID NOT DEPOSITED THE TAX IN DEPARTMENT AND EVENTUALLY WE FOUND THAT SELLER WAS FRAUD IN THAT CASE WHO WILL LIABLE TO PAY VAT AMOUNT

I M AWAITING FOR UR REPLY

THANKS

MUKESH KUMAR

CA Rushikesh Kolhe

CA Rushikesh Kolhe (Expert)

30 March 2012 According to me the liability to deposit VAT is the sole responsibility of seller. Even if he have not deposited it, no one can receover it from buyer

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)

30 March 2012 Yes it is not proper , but you will not get setoff on that purchases, you have to bear the liability.

So buy only from good reputed dealers..

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)

30 March 2012 Yes it is not proper , but you will not get setoff on that purchases, you have to bear the liability.

So buy only from good reputed dealers..

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