Whenever a TAx Invoice is raised for sales made it will have different products sold which are leviable at different rates. If we raise One Tax Invoice for these two products without mentioning the Tax Rates / Tax Amount separately for each of these products and put a consolidated amount. What issues can come up ?
Menu
VAT
Replies (2)
| Originally posted by : Pavan | ||
 |
Whenever a TAx Invoice is raised for sales made it will have different products sold which are leviable at different rates. If we raise One Tax Invoice for these two products without mentioning the Tax Rates / Tax Amount separately for each of these products and put a consolidated amount. What issues can come up ? |
 |
its burden of seller to bifurcate the diff tax rated goods and charge diff rate of vat and pay the same, if your invoice bears the above then its ok, or u have make annextures for each invoice seperately for such breakup. otherwise the invoice would be treated at max rate of tax.
in this case you may have to bear more tax... if you caught leving less tax
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
