Procurement of Raw material
This query is : Resolved
12 December 2020
I am in Purchase department of raw material. The Purchase order rates are on delivered basis. there is no freight in invoice. rates are on delivered basis to our factory. which documents should I make mandatory for supplier along with material. many supplier told me that, your rates are on delivery basis, there is no freight component in Invoice. so it is not mandatory documents for you. since it is transaction between supplier & transporter. is it right? should i make mandatory for supplier to submit the LR for supply which are on delivery basis. it is ok if i don't ask LR as record document for me as per GST norm
13 December 2020
LR is proof of movement and receipt of goods which is required to substantiate the claim of ITC. You should insist for LR irrespective of who is responsible for transportation.
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