15 February 2010
In Form 704 ( the Audit Report )it is made mandatory to give VAT TIN in Annexure No. J 1 of all the customers to whom you have effected the taxable sale.
In this context, I would like to ask that If my clients are not Registered Dealers under M-VAT Act, then how can I give the TIN numbers ? ( Suppose I sell Agriculture Tractors Trailers and my clientele is Farmers )
When I try to validate that particular sheet viz Annexure J 1, the template do not accept it and shows the error of not putting TIN. I can't complete the Audit Report. Will any expert guide me accordingly ?
15 February 2010
Hi!! The solution to yourproblem is very simple. Section J 1 is ment to cover transactions of B2B i.e. Business to Business in nature and not B2C i.e. Business to direct consumers. So you need not give such details. In this situation you have to show total of such sales and VAT collected in the last line of the section.
Further, for this year as per the guidence cell meeting held with the commisoner, it is not mandatory to fill Section J 1 completely. You can give details if you have. But it is not mandatory as there is no such provision in the act which says you have to collect TIN of coustomers. Hope you find the answer to order. Regards
CAclubindia
