We have received invoice against purchase of some furniture material from vendor. Vendor has raised a invoice with Vat amount but vat registration number is not mentioned in Bill. But vendor has submitted his registration number along with invoice. Can we accept the same invoice for payment process or should we ask for a vat invoice for supply of material.
13 November 2010
If you are dealer or distributor you need to satisfy as per VAT rules & regulation. So, you have to check where their invoice contain invoice no., invoice date, details about deduction of VAT tax, Your Company Name and Your TIN No.& CST no. (along with vendor TIN & CST No.. so, you need to ask need ask vat invoice for purchasing materials related to your business. otherwise you can go what you received invoice from vendor side.
Note:
If you are doubt about the vendors TIN registrations, you can check with internet by state govt. given website.
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