20 October 2013
i am involved in a business where the bulk part of the purchase is from farmers directly, how can i maintain this purchase in the book of accounts is there any documentation for transitting these goods from the purchase place to the godown within the state
20 October 2013
When you make taxable goods from farmers you have to issue self purchase bills and collect vat on them and pay it by declaring in your returns.These self purchase bills can be used as documents for moving the goods from farmers to your godown.Also,along with it vat delivery note,Form 34,T-38,Form 505(inDelhi,UP,Karnataka) etc,may be used with the vehicles.....mjk