Kerala vat invoice forms

Please see the Invoice format in Form 8B. It has been mentioned there "For customers when input tax is not required" Hence, the IPT credit taken by the purchasing dealer is irregular. He should have returned the Invoice in 8B to the selling dealer and collected his Invoice in Form 8 with his TIN mentioned in it for availing IPT credit. 

Shyama prasad P (STP)

In major cases, company is taking input tax credit on Form named 8H,but tax computation is as per Form 8 i.e on sales value.

Is it ok to take input tax credit on Form incorrectly named by supplier as Form 8H.

But it contains TIN of Buyer&Seller,Name of buyer & Seller,Vat is computed on sales value.

I understand, Invoice Form 8H is meant for medicine manufacturers/distributors who are first sellers in the state after having compounded their tax. They are supposed to collect VAT on MRP (Maximum Retail Price) and hence, there should not be any subsequent collection of Tax on the items invoiced. So, availing IPT collected vide Invoices in Form 8H too is irregular.  

Availing IPT requires proper Invoices.If there is any mistake in the Forms of Invoices, the dealer willing to avail IPT should get it corrected from the seller dealer's end. 

Plz consider this example,

M/s A availed input tax credit on 8B invoice subsequently seller Crossed "B" from form name & signed,but other requirements of Form 8 such as TIN of Buyer was not mentioned in the invoice.

And Seller in his return show such sale as Retail sale without mentioning the TIN of M/sA.

Is there any cross match done by Kvat dept.

So in this case M/s A has availed IPT on Form 8 but,but seller has shown sale to M/s A as retail sales as seller has not obtained TIN of M/sA;they juz striked B from Form Name8B.

There is an option to search State wide module in KVATIS. The Assessing Authority will search Statewide returns on written request from the dealer. But, your case is not intended to get any benefit from that. The selling dealer has to revise the return filed by uploading the TIN of the purchasing dealer along with Invoice No. and details of the Invoice in Form 8 to set right the IPT claim of the purchasing dealer. A letter of undertaking from the Selling Dealer to the effect that he had wrongly uploaded the Invoice details would suffice the issue if it could convince the A/A of the purchasing dealer. A copy of the Invoice in question should be attached to the letter.