Whether payment of cst or vat can be made to the party on the basis of Proforma Invoice?kindly reply me soon.
Menu
Cst
Replies (3)
Payment of VAT cannot be made to the party on the basis of Proforma Invoice. It must only be paid to the party when he gives must a Tax Invoice (within delhi if registered under DVAT) or Retail Invoice (if unregistered).
CST can only be paid on the basis of Retail Invoice, not on the basis of proforma Invoice.
Regards
Piyush Tanwar
Tiwari & Associates
Mobile - 09717468521
email - imcoolpiyush.tanwar @ gmail.com
Yes, I am fully agreed with Mr. Piyush
Sir,if we paid VAT to the party on the basis of retail invoice i.e(in case of unregistered dealer) then there is no ques. Of parforma invoice or retail invoice bcz in both the cases tax credit of Input VAT is not allowed M I right???
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
