What to do
This query is : Resolved
05 October 2013
x ltd purchase goods from y ltd, both registered in dvat. x ltd take input credit on his pirchases nd accordingly file return but later on he come to know dat y ltd has not deposited vat amt on their behalf. so what will be the remedy for x ltd if any?
CMA Ramesh Krishnan
(Expert)
06 October 2013
VAT input can be taken based on the Tax invoice received from supplier. so here there is no buyer liability for non payment of VAT by the supplier
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