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Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2011 Dear Sirs, We are selling Goods to Customers/ End Users of other state by charging 5 % VAT (Local VAT), However, the billing is in the name of buyers of other state and their address is mentioned in the Invoice.

Can we claim the deduction while paying VAT ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 September 2011 In this some things need to be cleared. while goods moving from one state to another then it will be the interstate sales.

If the buyer buys goods in local and taking the goods to another state with their own risk then your case VAT is applicable and need to charge VAT

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2011 Dear Sir,

Thank You very much for your reply.

Yes, the buyer of other state is taking delivery at our Godown and taking the goods wherever he wants to take them at his own risk.

Hence, here the delivery is within state but the Details of the Buyer along with his other state Address in mentioned in the invoice with Local VAT charged.

So all i want to know is whether this Invoice VAT Amount will be considered for Deduction while calculating VAT Returns Payable at the end of FY?

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