Performa invoice

This query is : Resolved

dheeraj kumar (Querist)
Follow

10 January 2013 Sir

WE HAVE RECEIVED PERFORMA INVOICE FROM A PARTY IN JUNE 2012 TOWARDS PARTICIPATION CHARGES IN EXHIBITION TO BE HELD IN APRIL 2013

NOW WE HAVE MADE FULL PAYMENT OF 404400 AGAINST PERFORMA INVOICE IN DECEMBER 2012 AFTER DEDUCTING TDS

NOW MY QUERY IS CAN WE BOOK THE EXPENSE IN 2012-13 AND CLAIM SERVICE TAX CREDIT
OR WE WILL HAVE TO BOOK THE EXPENSE IN 2013-14 AND SHOW ADVANCE IN 2012-13

PLEASE CLARIFY
REGARDS
DHEERAJ KUMAR

Guest

Guest (Expert)

10 January 2013 even if you book the payment the expense shall not be charged to profit & loss a/c. It is to be classified as prepaid expense.

dheeraj kumar

dheeraj kumar (Querist)
Follow

10 January 2013 ONE PART OF THE QUERY IS SOLVED

OTHER PART UNSOLVED IS
CAN WE BOOK THE EXPENSE ON THE BASIS OF PEFORMA INVOCE

PLEASE CONFIRM

Guest

Guest (Expert)

10 January 2013 No you will need either tax invoice or final invoice for booking expense. Proforma invoice are to facilitate early payment.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 January 2013 What is this PERforma invoice? I knew PROforma invoice. Is this a new version or simply a spelling mistake through oversight?
As far as possible, proforma invoice be replaced by INVOICE in due course of time.

dheeraj kumar

dheeraj kumar (Querist)
Follow

10 January 2013 THANK YOU SIR

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now