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
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details