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Sale invoice - without purchase invoice

VAT (Legacy) 1248 views 3 replies

 Hi,

I have bought the materials in my personal name and supplied the materials to a company by giving them a Delivery Challan.

After 10 days, I got my "New License(new TIN.No)". Now the company to whom we have supplied is requesting us a Tax Invoice.

my question is :-

1. Can i file the Purchase Invoice bought in my personal name under the "New license" ?

2. How should i generate a Sale/Tax invoice under the "New License" without proper purchase invoice ?

Note:

 Since i have not received my TIN.No at the time of purchase, I have made the purchase in my personal name.

 

Thanks in advance,

siva

Replies (3)

Dear Mr. Siva,

You cannot account the purcases in you company name. as the bill will show your personal name.

Sale bill cannot be raised without purchase entry.

Pl let me know  the sold comodity. will advice accordingly.

Regards,

Prakash T c

 

 

There is 2 separate entity (i.e. Your name & your company) hence you can't club transaction between them. It means you can't sale goods until you purchase through invoice.

thanks for your replies.. :-)

 

Dear Mr.Prakash,

the materials we have sold are M.S. Square Tube - 100 mm x 50mm. 

please give me your suggestion in this regard.

 

regards,

siva


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