As i am a dealer doing business in Karnataka. i have purchased from registered dealer in Karnataka. As i am in VAT scheme,hence i have claimed input tax as per tax invoice issued by the registered dealer.However, VAT audit official disallowed the input of the particular dealer as the dealer is black listed/inactive. whether the officer is right kindly guide me in this regard.
23 February 2014
deduct Vat from that dealer. officer is right. its you duty to purchase material with registered & Active dealer. not black listed dealer.
CAclubindia
