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Output VAT

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(Querist)
01 December 2009 A customer is not VAT registered(eg.Insurance Co.). The supplier has raised an invoice as under: Value of materials supplied Rs. 112500.00 (i.e,Rs.100000 + VAT Rs.12500)without showing VAT %age separately on the face of the invoice.Is it allowed on the ground that the customer (insurance co.)cannot claim input VAT credit?
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Amol Suresh Sinkar

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Amol Suresh Sinkar (Expert)
01 December 2009 It is the dealer policy whether he will levy the Vat in the Invoice raised by him seperately or not. Whether he will levey or not he will have to pay the Vat. The benefit of Vat Tax Set-off will be allowed only to the Registered Dealer. UrD dealer cannot claim the set-off on the Invoice Raised.
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Vishnu Saboo

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Vishnu Saboo (Expert)
01 December 2009 though, it is required that invoice should show the breakup of tax.
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