Vat

491 views 2 replies

Dear Sir,

We are semi wholesalers and  make sales bills for purchases made from us against cash payment for an amount mostly not more than Rs.20,000/- sometimes above but under Rs.100000/- the goods are self collected from the warehouse by the purchaser. The purchaser  requests to make a bill in a name with an address.

In our pre made bills we have a box to mention the TIN nos. , but the purchaser does not provide with one, what should we write against box TIN no.

In some cases the purchaser makes payment vide a demand draft of not more than Rs.50000/- and as above, collects the goods which is delivered only after we receive the credit in the bank after we deposit the draft, similarly a bill is made in a name with address, but no TIn no. is provided by the purchaser, sometimes he may provide us with multiple drafts each not exceeding Rs.50,000/- and request us to make a single bill and no TIn no. is provided.

My querry is what should we mention against the box. TIN no. in case the same is not provided by the purchaser, considering the above cases do the seller have any obligations towards VAT under the above situations wherein the purchaser does not provide any TIN no. and they are like cash sales the seller cannot verify the addresses etc etc.

Thank you

Harsh

 

 

Replies (2)

Dear Harsh,

               As you are big businessmen so it shall be better for you to have services of specially engaged law expert as you can easily bear his remuneration.

 

There is no reuirement of TIN no of purchaser. Bill should be gineiune and the tax is to be desposited.


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