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.
yes u can take input credit. it is not ur problem to ensure that seller has discharged his liability
The department has served a notice u/s 70 levying three times penalty. Do you have any reference to any case law or specific provision of the Act. kindly quote
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
