TMI BlogDefault of tax by sellerX X X X Extracts X X X X X X X X Extracts X X X X ..... Default of tax by seller X X X X Extracts X X X X X X X X Extracts X X X X ..... er on tax liabilities of a buyer if a seller fails to deposit the tax with appropriate VAT/GST authority. Reply By YAGAY and SUN: The Reply: It says that a Buyer cannot avail Input Tax Credit, if th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tax Collected by Seller, is not deposited with the exchequer.
Reply By Ganeshan Kalyani:
The Reply:
Vat credit was eligible subject to payment of tax by the supplier. X X X X Extracts X X X X X X X X Extracts X X X X ..... dge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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