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.
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.
CAclubindia
