Welcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by seller

0
150832

Welcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by seller

DELHI HIGH COURT ORDER SUPPORTED BY SUPREME COURT*
BUYER IS ELEGEABLE TO CLAIM INPUT TAX CREDIT UNDER VAT EVEN IF SELLER NOT UPLOADED OR NOT PAID VAT ON HIS SALES, IT’S GOVT DUTY TO COLLECT VAT, CST, PENALTY ETC. FROM THE SELLING PARTY AND NOT FROM THE BUYERS

LEAVE A REPLY

Please enter your comment!
Please enter your name here