LEARNING FOR REVENUE FROM RECENT RULING - RECEIVER NOT TO ESTABLISH PAYMENT BY SUPPLIER OR SERVICE PROVIDER SO FINAL COLLECTION OF TAX IS PREFERABLE

LEARNING FOR REVENUE FROM RECENT RULING - RECEIVER NOT TO ESTABLISH PAYMENT BY SUPPLIER OR SERVICE PROVIDER SO FINAL COLLECTION OF TAX IS PREFERABLE https://www.taxtmi.com/article/detailed?id=5371 Recipients who obtain prescribed documents (tax invoices or TDS certificates) and follow statutory procedures are entitled to claim CENVAT credit even if the supplier or deductor has not deposited the tax; the obligation to deposit collected or deducted tax rests on the collector/deductor and not on the buyer, and requiring buyers to verify deposits from departmental records would be impractical and unreasonable. en-us Mon, 02 Dec 2013 06:26:01 +0530 Mon, 02 Dec 2013 06:26:01 +0530 TaxTMI RSS Generator LEARNING FOR REVENUE FROM RECENT RULING - RECEIVER NOT TO ESTABLISH PAYMENT BY SUPPLIER OR SERVICE PROVIDER SO FINAL COLLECTION OF TAX IS PREFERABLE https://www.taxtmi.com/article/detailed?id=5371 Recipients who obtain prescribed documents (tax invoices or TDS certificates) and follow statutory procedures are entitled to claim CENVAT credit even if the supplier or deductor has not deposited the tax; the obligation to deposit collected or deducted tax rests on the collector/deductor and not on the buyer, and requiring buyers to verify deposits from departmental records would be impractical and unreasonable. Articles Cenvat Credit Mon, 02 Dec 2013 06:26:01 +0530 https://www.taxtmi.com/article/detailed?id=5371