13 April 2011
Sr, It have been noticed during the audits that many of the dealer carry on to charge Vat to our clients at the time of sales even though they are not active dealer. How can this be overcome or identified (Vat Input or refund will be a long process as in case if the client is in service sector)
What are the documents to be demanded from the supplier to confirm his Vat registration in a given date of invoice. Please guide.
13 April 2011
You have to pay VAT if your client is purchasing an article on which VAT is applicable. The fact that your client is in service sector does not effect the charging of VAT. Further he will not get any refund for input VAT and it has to be taken as his expense.
VAT no of a supplier can be verified from the website of the respective state's commercial tax department.
13 April 2011
Sr it was verified and the TIN no. was fond to b inactive so wat can be done further. can we ask him to waive off the vat amount??? Plz suggest
CAclubindia
