Vat filing - monthly

Others 623 views 2 replies

Karthik

Secretary

29 Points Joined May 2011

Hello Sirs,

I am working for a manufacturing organisation, in purchases, we have received a material from Vendor with Invoice dated on 29 June 2013 and the materials has reached our premises on 21 July 2013. My Accounts department is saying they cannot accept the invoice as they have already filed the returns for the month of June, which date we should be considering for filing returns,

My vendor is aslo not able to issue revised invoice because he has shown the invoice of last month in sales and filed his return. How to solve this problem..

Kindly hep me..

Thank you

Moorthy

Replies (2)

P. Singh

Partner (Legal Matters)

62 Points Joined January 2011

Originally posted by : Karthik
	Hello Sirs, I am working for a manufacturing organisation, in purchases, we have received a material from Vendor with Invoice dated on 29 June 2013 and the materials has reached our premises on 21 July 2013. My Accounts department is saying they cannot accept the invoice as they have already filed the returns for the month of June, which date we should be considering for filing returns, My vendor is aslo not able to issue revised invoice because he has shown the invoice of last month in sales and filed his return. How to solve this problem.. Kindly hep me.. Thank you Moorthy

You need to make purchase entry on 21st of July only, as material reached your premises on that date. You can not make purchase entry in your book for month of june if material is received in july.

sundaresan

partner

288 Points Joined December 2009

You accounts dep can accept the invoice on July monthe though it is date 29th Jun. VAT law allows this. Invoice within 90day from the date of purchase or within the end off financial year can be accounted for.

Regards

Sundaresan.