Tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2012
SIR
PLEASE CONFIRM ME IF WE PURCHASE FROM A PARTY AND PAID VAT ON SAME BUT THE SELLER DID NOT DEPOSITED THE TAX IN DEPARTMENT AND EVENTUALLY WE FOUND THAT SELLER WAS FRAUD IN THAT CASE WHO WILL LIABLE TO PAY VAT AMOUNT
I M AWAITING FOR UR REPLY
THANKS
MUKESH KUMAR
PLEASE CONFIRM ME IF WE PURCHASE FROM A PARTY AND PAID VAT ON SAME BUT THE SELLER DID NOT DEPOSITED THE TAX IN DEPARTMENT AND EVENTUALLY WE FOUND THAT SELLER WAS FRAUD IN THAT CASE WHO WILL LIABLE TO PAY VAT AMOUNT
I M AWAITING FOR UR REPLY
THANKS
MUKESH KUMAR
30 March 2012
According to me the liability to deposit VAT is the sole responsibility of seller. Even if he have not deposited it, no one can receover it from buyer
30 March 2012
Yes it is not proper , but you will not get setoff on that purchases, you have to bear the liability.
So buy only from good reputed dealers..
So buy only from good reputed dealers..
30 March 2012
Yes it is not proper , but you will not get setoff on that purchases, you have to bear the liability.
So buy only from good reputed dealers..
So buy only from good reputed dealers..
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