Materail recd on dm, invoice later
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2012
Dear Expert
Can you please advise for the following
Example :- Vendor supples material on Delivery memo on 29-06-12 and recd on same date to us .A Invoice is raised on 05-07-12 , our VAT return is quarterly ,What is procedure for VAT claim & accounting . IF POSSIBLE PLS GIVE REFERENCE OF ANY CASE.
Please help
Can you please advise for the following
Example :- Vendor supples material on Delivery memo on 29-06-12 and recd on same date to us .A Invoice is raised on 05-07-12 , our VAT return is quarterly ,What is procedure for VAT claim & accounting . IF POSSIBLE PLS GIVE REFERENCE OF ANY CASE.
Please help
Amol S Joglekar
(Expert)
05 September 2012
if it is a regular vendor, you know the details and you can very well include the same in june end return. If the vendor is new, you insist on the bill dated prior to june for a safer course of action.
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