tax invoice or retail invoice dvat

DVat 5085 views 5 replies

 

Hi freinds,
 
please give me a suggesion on below topic.
 
can a cash purchase in delhi vat is eligible for input tax credit if dealer has issued a RETAIL INVOICE instead of TAX INVOICE., please reply i have to finish vat return process.
 
thx
aslam waris
Replies (5)

if the dealer has put your(buyers) vat number in the invoice, and mentioned your name / address then its eligible for input credit.,

Originally posted by : U S Sharma

if the dealer has put your(buyers) vat number in the invoice, and mentioned your name / address then its eligible for input credit.,

Thanks a lot sir, by the way all purchases made cash only, taking safe side m not taking input credit on these retail invoices.

thanks a lot once again.

you cant take input credit on retail invoice,,,input credit is available only on tax invoice/vat invoice in which is written that input credit is available on orginal invoice 

Dear sir

my company profile is trading hereby i'm in confuse if i make Retail Invoice in Delhi so what tax charges vat 5% CST 5%

 

Tax invoice what purpose and Retail invoice what purpose. 

 

pls. expalin me

Regards

Raj kumar

Dear Raj Kumar,

 

If you are selling within the state, then charge VAT, if out of state then CST.
 


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