Relavent date in case of interstate purchase
This query is : Resolved
vinay simha
(Querist)
12 January 2012
WHAT DATE IS RELAVENT TO BE TAKEN TO A/C IN CASE OF INTERSTATE PURCHASE WHETHER THE DATE OF TAX INVOICE OR DATE OR RECEIPT OF GOODS.?
EG- IF GOODS IS PURCHASED FROM KOLKATA THE INVOICE IS RAISED ON 01/01/2012 ; GOODS WERE DISPATCHED ON THE SAME DAY BUT IT WAS RECEIVED ON 05/01/2012 IN BANGALORE. THERE WAS NO MATERIAL RECEIPT VOUCHER MAINTAINED, NOW WHICH DATE SHOULD BE RECORDED AGAINST THIS INTERSTATE PURCHASE, WHETHER DATE OF INVOICE OR 5/JAN/2012.... PLEASE GET BACK WITH A CASE LAW IF ANY...
THANK YOU IN ADV...
EG- IF GOODS IS PURCHASED FROM KOLKATA THE INVOICE IS RAISED ON 01/01/2012 ; GOODS WERE DISPATCHED ON THE SAME DAY BUT IT WAS RECEIVED ON 05/01/2012 IN BANGALORE. THERE WAS NO MATERIAL RECEIPT VOUCHER MAINTAINED, NOW WHICH DATE SHOULD BE RECORDED AGAINST THIS INTERSTATE PURCHASE, WHETHER DATE OF INVOICE OR 5/JAN/2012.... PLEASE GET BACK WITH A CASE LAW IF ANY...
THANK YOU IN ADV...
MJ Krishnamurthy
(Expert)
15 January 2012
Mr V Simha,
Date of purchase is decided in different ways.If you enter into an agreement to purchase any goods then the date of agreement will be the date of purchase.In normal transactions a purchase is not done till the delivery of goods are received. So,5-1-2012 is the date of purchase in your case.See the provisions of Sale of goods Act for details.
MJK
Date of purchase is decided in different ways.If you enter into an agreement to purchase any goods then the date of agreement will be the date of purchase.In normal transactions a purchase is not done till the delivery of goods are received. So,5-1-2012 is the date of purchase in your case.See the provisions of Sale of goods Act for details.
MJK
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