Lumpsum scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 February 2012
i have registered under lumpsum scheme.
now do i need to take tax invoice or retail invoice does not change any tax aspects.
if i can't tax ITC on tax invoice why i need to take tax invoice ?
please explain what to do ?
Thanks
now do i need to take tax invoice or retail invoice does not change any tax aspects.
if i can't tax ITC on tax invoice why i need to take tax invoice ?
please explain what to do ?
Thanks
02 April 2013
If you are registered under lump sum scheme, this will not make any difference to ur supplier. He will continue to issue tax invoices, but u r not in a position to take credit of the tax paid on purchases. Again u r also not authorized to issue tax invoices for sales u make.
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