27 June 2016
I am 1st Gen entrepreneur and started a private limited company, taken some money for supply of equipment from a partnership firm last academic year, I have not registered for vat nor service tax till date, goods are delivered but invoices are pending from our side, can you help me out.
I bought all the equipment from third party and delivered, I have my invoices of purchase, but I didn't file any input vat sort of things as I had not taken vat nor service tax . My sincere thanks in advance if you can clear how to prepare invoices now.
28 June 2016
you can sale the goods w/o VAt number upto the limit under the state in which you are doing business, every state vat give the sale amount after that you have to apply for VAT registration.
01 July 2016
Thanks for sharing your thoughts, Even though we take vat now, we can file only for last 3 months, but here it was almost 10 months, so can I issue a direct invoice without vat filing anymore as I have any way not taken any input vat credit, iam ready to sacrifice, I just want to issue invoices to my client for closing the IT returns filing
CAclubindia
