11 April 2011
Sr, During audits we find that many a times tin no. mentioned on invoice is not valid (As dealer is not found when the same tin no. is entered for verification on the related site) So is it that its a updation problem or the TIN no. is fake?? In this case whether the buyer should pay the vat amount as he can refuse to pay so because of invalid TIN no.(As per my knowledge) Plz explain in detail..
11 April 2011
its can not verify by internet. you can ask Ledger accounts confirmation from party along with his pan no. and copy of Vat registration from party. after that if dealer can not prove then input vat will be reversed.