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VAT - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Input tax credit - If the selling dealer has not deposited the ...


Court Rules Revenue Must Act Against Seller for Tax Failures, Purchaser's Input Tax Credit Protected.

January 6, 2017

Case Laws     VAT and Sales Tax     HC

Input tax credit - If the selling dealer has not deposited the amount in full or a part thereof, it would be for the Revenue to proceed against the selling dealer. But thereby the benefit of input tax credit cannot be deprived to the purchaser dealer. - HC

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