CAN TAXABLE INVOICE UNDER VAT BE MODIFIED ON FACE

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Dear sir,

My query is in relation to retail trade (retail store chain).We purchases goods against tax invoices in
Delhi. While receiving goods in warehouse we face a problem. Suppose in invoice 100 items are mentioned however only 80 items are received in actual. Then while making goods received note against such invoice, whether we should book ivoice with total value of invoice and then issue purchase return against that or if it is allowed under VAT rule can we after receiving goods make cutting on invoice and book GRN with net quantity received and accordingly book vat . In this case the value of Vat as per invoice will be different from Vat as booked in GRN. What exactly we should follow while booking GRNs with invoices.
 
Replies (3)

I have not got reply of my query still!!!!!!!!!!!

However in some small cases cutting and signing of the signing authority after cutting in the bills is allowed to some extent but in your case you cannot follow  this way. So the best way for you would be just receive the Invoice for suppose 100 Pieces and if  u receive 80 pcs then issue a debit note for remaining 20 pcs adjusting VAT on the said Goods / value. However while filing of returns u will be having a decreased value of VAT input available at you.

 

Better if we book GRN for full quantity w/o any correction in Invoice & retain payment of supplier to that extent of short qty with VAT amount.

Regards

Vijay D


CCI Pro

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