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Default of tax by seller, Value Added Tax - VAT-CST |
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Default of tax by seller |
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What is new supreme court order on tax liabilities of a buyer if a seller fails to deposit the tax with appropriate VAT/GST authority. Posts / Replies Showing Replies 1 to 2 of 2 Records
It says that a Buyer cannot avail Input Tax Credit, if the Tax Collected by Seller, is not deposited with the exchequer.
Vat credit was eligible subject to payment of tax by the supplier.
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