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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Delhi VAT Dealers Warned: Ensure Sellers File Returns to Avoid Input Tax Credit Loss, Penalties, and Legal Action.</h1> Delhi VAT dealers are advised to exercise caution when purchasing goods against tax invoices. Transactions should be conducted with reliable sellers who file returns and remit the collected taxes. Filing a 2B statement alone is insufficient; it must be supported by a return. Some sellers evade filing returns, leading to the loss of input tax credit for buyers, who may also face interest, penalties, and criminal prosecution for using fraudulent invoices. The Department of Trade & Taxes has initiated civil and criminal actions against defaulting dealers and will list such dealers as doubtful on its website.
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