CA-FINAL
202 Points
Joined August 2010
thnks sir,
i hv a client who is purchasing stone dust but the seller doesnt charge VAT on such sale.
Furhter our client have a contract with seller that he (seller) will provide him (client) the stone dust which included the transportation, loading as well as unlaoding charges too.
However, he is raising a bill by mentioning transportation charges for the same. And the same has been accepted by our client.
First our client recording such purchases as purchase of stone dust. But now they are recording it as frieght charges.
so what are the consequences oru client will face in both situations???