Can it possible ?
This query is : Resolved
28 September 2007
Dear Sir,
A manufacturing Company received a Purchase Order. According to this P.O.:- Mfg. Co. will send the material to M/s ABC Co.; ABC Co. have taken L/C and It will issue the 'Form C' to Mfg. Co. but ABC Co. wants to get delivered the goods to XYZ Co. directly and XYZ Co. take the Cenvat Credit; for this ABC Co. wants Mfg. Co. issue two invoices;
First- Commercial Invoice in the name of ABC Co. for the purpose of L/C and 'Form C'
Second- Excise Invoice under rule 11 in the name of XYZ Co. for the purpose of availing Cenvat credit by XYZ
My Question is:- Can it possible to issue two invoice in different name for same goods ?
If it is not possible, how can XYZ Co. availed cenvat credit?
please reply soon
with regard
A manufacturing Company received a Purchase Order. According to this P.O.:- Mfg. Co. will send the material to M/s ABC Co.; ABC Co. have taken L/C and It will issue the 'Form C' to Mfg. Co. but ABC Co. wants to get delivered the goods to XYZ Co. directly and XYZ Co. take the Cenvat Credit; for this ABC Co. wants Mfg. Co. issue two invoices;
First- Commercial Invoice in the name of ABC Co. for the purpose of L/C and 'Form C'
Second- Excise Invoice under rule 11 in the name of XYZ Co. for the purpose of availing Cenvat credit by XYZ
My Question is:- Can it possible to issue two invoice in different name for same goods ?
If it is not possible, how can XYZ Co. availed cenvat credit?
please reply soon
with regard
29 September 2007
your question relates section 6(2) read with rule 12(4) of the CST Act, 1957. pl gothrough the section and you will get the answer. For detailed study pl gothrough book of Vinod k singania.
the company cannot issue two invoice for a sale. One tax invoice to be issued.
Also no doubt xyz co., can avail cenvat credit.
write in case of doubts.
thanx
the company cannot issue two invoice for a sale. One tax invoice to be issued.
Also no doubt xyz co., can avail cenvat credit.
write in case of doubts.
thanx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Form 121 & TDS deduction
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding appeal to GSTAT
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
