VAT

Hi guys

i have one doubt reg. vat .

wat wil  happen if the purchaser of the goods tells the seller that he will not pay vat and take it without bill and that purchaser sells it without bill . the reason for selling it without bill to be assumed as buyer of goods(customer) does not want to pay for vat. even if the seller insists him to pay he is not willing , so for dong business i have to sell the product without vat as the customer desires it to be . So wat to be done to convince the buyer of the goods .

wat are the penalties for this?

 

 

Replies (3)

 Min. 100 % penalty on Vat amount.

The Selling Price would be construed as inclusive of VAT.

HI I AM STUDENT OF CA & CS INTER IF  YOU HAVE ANY NOTES REGARDING BOTH PLS  SEND ME ON MY EMAIL ID:- gupta.pankaj14 @ yahoo.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details