Invoice from a trust
This query is : Resolved
Sanju Zaveri
(Querist)
12 April 2012
If a Retailer got the Invoice form a Trust without mentioning VAT amount in Invoice then How can that retailer get the claim of Input Credit of such Invoice?
MJ Krishnamurthy
(Expert)
12 April 2012
Mr Zaveri,
That truat may be unregistered hence,no claim of input tax. Further,when such purchases are made the buyer has to issue a purchase invoice and collect the tax due from the unregistered seller and pay to the govt. And when he sells the same and collects tax on it he can take the input tax credit....MJK
That truat may be unregistered hence,no claim of input tax. Further,when such purchases are made the buyer has to issue a purchase invoice and collect the tax due from the unregistered seller and pay to the govt. And when he sells the same and collects tax on it he can take the input tax credit....MJK
Message likes :
1 times
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Appointment of Auditor By Form ADT-1
- Closer of business and itc of capital goods
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
