banner_ad

Vat claim

This query is : Resolved 

21 January 2015 i have received a Tax Invoice from a party. Amt before tax : 1805 Vat @ 16% : 288.80 Net Amt : 2093.80 Now i have paid that party a sum of 1884.42 after deducting 10% discount in final figure for which party also agreed and he wrote the final figure in invoice by hand. My question is, how much VAT i can claim in this invoice? 288.80 or 259.92 which is as per the new final figure.?? Thanks in advance

21 January 2015 VAT credit can take with valid tax invoice issued by Vendor with their TIN number and most of states made online for tax return filling, which require Customer TIN to whom, sales was made to track Credit taken by Customer against vendor invoice.

so, it is advise to take credit only Rs.259.92 instead of Rs.288.80 and take revised invoice or credit note from vendor to justify the credit availed by you.


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details