Tax invoice

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Anjana (Querist)

05 November 2013 Though VAT is not applicable on our company . Tax Invoice issued by a vendor to our co & vat charged by the vendor but TIN not mentioned.
Can we demand from vendor either to Mention TIN OR not to charge VAT on the invoice so issued by the vendor

Thanks
Anjana

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

05 November 2013 Yes, you have full rights to collect the TIN number from supplier since they charged VAT in Tax Invoice

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

06 November 2013 You can not say VAT is not applicable to your company unless you are in an SEZ or an EOU or a specially exempted industry,who are given special exemption from paying taxes on their purchase.If you have any authority to support(notification etc)then you have to mention it to the suupliers and advice them not to charge VAT on the supplies made to your co.Otherwise,vat can be charged and collected on all supplies made to you,and the dealer should be registered and quote his TIN no in the invoice.....mjk

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)

07 November 2013 there are two aspects in your query:-
(1) your company is not liable for VAT, it may be because of the reasons either you are dealing in exempted goods or located in exempted area or total turnover is less than threshold limit however it will not affect your purchase side.
(2) you written that whether you should ask for TIN or not so it would depends upon the facts that you need to avail ITC if yes you ask TIn otherwise it will not affect you anyway.

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