Dear Experts,
We would like to know what is the rule/law on the item name in a first stage dealer invoice.
We are first stage dealers. We buy items from Manufacturers and sell to our customers.
Suppose our customer orders Item X which is defined as 'Paint' in our system. We buy Item X from our manufacturer who have defined item X as 'Polymer' in their system as a result the manufacturer invoice mentions Item X as 'Polymer'. When we provide our customer with our invoice what should we mention item X as? Should we mention it as 'Paint' or 'Polymer' when the Manufacturer invoice mentions 'Polymer'.
Is there a rule/law which states that the invoice that the dealer provides to the customer should have the same item name as mentioned in the manufacturer invoice? Or can we provide any item name irespective of the item name provided by the manufacturer?
Can we mention item descripttion as 'as mentioned in the manufacturer invoice' in the invoice that we provide to our customers?
CAclubindia
