Output VAT
This query is : Resolved
CA.ANINDYA BASU
(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?
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.
Vishnu Saboo
(Expert)
01 December 2009
though, it is required that invoice should show the breakup of tax.
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 Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
