Billing prior to vat registration certificate
This query is : Resolved
02 January 2012
DEAR all
whether TDS is deductible on discount given by airlines to Customs house agents along with commisiion. IF yes kindly forward the case law relating to this
whether TDS is deductible on discount given by airlines to Customs house agents along with commisiion. IF yes kindly forward the case law relating to this
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2012
Our MVAT registration is from 29/11/2011 but the first sales executed by us is on 27/11/2011 by single bill of Rs. 850000/
Pl. advise ,whether VAT needed to be charged on said invoice ? and if so , whether buyer will get the set off or it will be considered as URD purchase ?
Pl. advise ,whether VAT needed to be charged on said invoice ? and if so , whether buyer will get the set off or it will be considered as URD purchase ?
05 January 2012
Mr Author,
Immeiately after issuing a bill for Rs8,50,000/- you become liable to pay tax on it.Now you can issue a debit note to add tax to that invoice and increase the total amount. In the same debit note you may also mention your TIN No(VAT registrationNo.).Or in the other way you may cancel that invoice and reissue a proper tax invoice with your TIN No.
MJK
Immeiately after issuing a bill for Rs8,50,000/- you become liable to pay tax on it.Now you can issue a debit note to add tax to that invoice and increase the total amount. In the same debit note you may also mention your TIN No(VAT registrationNo.).Or in the other way you may cancel that invoice and reissue a proper tax invoice with your TIN No.
MJK
11 July 2023
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