Vat by retailers

Parul Gunecha (Student) (75 Points)

05 June 2015  
Generally, when we buy goods from a retailer, they do not issue tax invoice. Does this mean that they are keeping the tax in their pockets? If they don't issue invoice, they certainly cannot claim input credit, right? So, how does the entire thing happen? do they submit the tax or not? Assuming they aren't exempt