credit availed of in case the credit so taken is on the basis of a valid tax invoices issued as per the Delhi VAT laws.
Further, non-payment of output VAT by the vendor would constitute a default on its account and shall not impact the eligibility of your company to avail of and utilise the input VAT credit.
The replies do not constitute professional advice. Neither Ernst & Young nor FE is liable for any action taken on the basis of these replies. Readers may mail their queries to email@example.com