Urgent query KVAT

Pavan Jain S (Chartered Accountant) (1575 Points)

10 July 2009  

If the seller has failed to remit the VAT and is not traceable, Can the department deny the input vat credit to the purchaser especially when the purchaser had bonafide belief  that the seller has discharged the liability. quote specific numbers

Refer to any case law, if any.