banner_ad

VAT

735 views 3 replies

Hi guys

i have one doubt reg. vat .

wat wil  happen if the purchaser of the goods tells the seller that he will not pay vat and take it without bill and that purchaser sells it without bill . the reason for selling it without bill to be assumed as buyer of goods(customer) does not want to pay for vat. even if the seller insists him to pay he is not willing , so for dong business i have to sell the product without vat as the customer desires it to be . So wat to be done to convince the buyer of the goods .

wat are the penalties for this?

 

 

Replies (3)

 Min. 100 % penalty on Vat amount.

The Selling Price would be construed as inclusive of VAT.

HI I AM STUDENT OF CA & CS INTER IF  YOU HAVE ANY NOTES REGARDING BOTH PLS  SEND ME ON MY EMAIL ID:- gupta.pankaj14 @ yahoo.com


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details