Billing against same vat no
This query is : Resolved
28 October 2011
Dear all,
We have splited our customer account (XYZ)account into two part XYZ-1 & XYZ-2 for billing our two separate line products...
Above two accounts are opened in system against same VAT No , PAN No & proprietor's name because XYZ is a proprietor ship company...
This steps are taken only for control separate line products billing & O/standing purposes...
Now,Please advise , is there any violation of rules from accounting & VAT point of view...
Regards
S Mullick
We have splited our customer account (XYZ)account into two part XYZ-1 & XYZ-2 for billing our two separate line products...
Above two accounts are opened in system against same VAT No , PAN No & proprietor's name because XYZ is a proprietor ship company...
This steps are taken only for control separate line products billing & O/standing purposes...
Now,Please advise , is there any violation of rules from accounting & VAT point of view...
Regards
S Mullick
28 October 2011
No its not violation of rules.
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