WHAT WILL HAPPEN IF VAT NOT PAID ON SALE OF IMPORTED GOODS...?
Respected Reader
We import goods outside India & pay customs duty which include S.A.D. SPECIAL ADDITIONAL DUTY
.
when we sell goods we collect VAT from customers (who do not give easily ) & pay to state government
,
& start process of S.A.D. refund through C.A & agents of customs which is lengthy & big process
.
after receiving confirmation from commissioner of custom (REFUND CELL) that all our documents was correct & should be allowed for refund of money
,
but government officers & agents give reason there is no money available with customs to repay & years pass by no money is being received
,
now further we stopped collecting VAT from customers & do not require back SAD refund of our further purchases
,
,
is this be punishable or not.....?
as we already paid SAD to customs & do not require back
but want to decrease work of collecting VAT & SAD refund lengthy procedure
,
Awaiting your favourable reply
Thanks & Regards
Pravin
CAclubindia
