Tin applied sufficient to claim itc

VAT (Legacy) 258 views 2 replies
Hello, I want to know that.... I m a dealer of a pvt company, and company issues tax invoice to its dealers. As i m newly connected with the company, so i dont have TIN... Company wants i should apply, My qns is that can i buy products from company and claim input tax credit after appliying for TIN, Eeven if TIN is not alloted to me?? Thankyou
Replies (2)

You must have a TIN Number to claim Input Tax.

Thankyou kunal for your valuable advice... Actully i had bought products from company and company issuing me tax invoice.... I had applied for TIN and departmrnt had issued me SRN.. Company asked me for TIN and my reply was A/F.... i.e applied.. 

In my down line,  small dealers are here,  they have same situation(apply for TIN)... 

 

My Qns is that...  can i issue TAX INVOICE to my downline dealer?? 

If not,  then how can i issue invoice 

 

Eg.  I bought products from my company worth Rs. 10,00,000 on which company charge VAT @ 10%... 

Value : 10,00,000

+ VAT : 100000

TOTAL : 11,00,000

 

 

NOW MY INVOICE WHAT SHOULD BE.. 

 

CASE (1) TAX INVOICE

VALUE : 12,00,000 + 1,20,000 = 13,20,000

CASE (2) TAX INVOICE

VALUE : 12,00,000 + 1,00,000 = 13,00,000

CASE (3) NORMAL INVOICE

VALUE : 13,00,000

 

THANKS IN ADVANCE

REGARDS : SACHIN


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