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Vat invoice

uttam (jaipur) (149 Points)

21 June 2015

if one issue VAT invoice without mentioning TIN number then what are consequences i.e. penalties and is it means that person charging VAT from customer but not depositing to govt.

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4 Replies

karan jit singh (Consultant) (1299 Points)
Replied 21 June 2015

Check your respective state vat law

uttam (jaipur) (149 Points)
Replied 21 June 2015

anyone knows provisions of rajasthan VAT?

CA Ronak Doshi ( ) (234 Points)
Replied 22 June 2015

Dear Uttam,

Incase you are a Registered Dealer, you are liable to issue Invoices properly. If you do not issue proper invoices you may have to pay penalty similar to the amount of tax in the invoices and your registration might also get cancel depending on your response to the ST Officer.

I would like to know was this a mistake or it is done purposely. If its a mistake, you can issue a duplicate invoice mentioning TIN No.

The main consequence is that the Purchasing dealer would not be able to claim the Input Set-Off without the TIN No. So ultimately he will stop buying goods from you.

Hope I solved you query.

Regards,