Use of proforma invoice and normal invoice

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Querist : Anonymous

Querist : Anonymous (Querist)

04 November 2011 A) What are the cases when proforma invoices and what are the cases when normal invoices are used?

B) For implementation of a project (service tax applicable) 50% is payable in advance. Rest in stages- 20%, 20%, 10%.

i)For collecting advance payment 50% with service tax, whether to submit proforma invoice or normal invoice?

ii) If proforma invoice is used whether or when it will be supported by further normal invoice?

CMA Ashutosh Kumar Gupta

CMA Ashutosh Kumar Gupta (Expert)
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04 November 2011 When you intend to buy something particularly from a vendor and need to make payment as advance Proforma Invoice is used as a valid supporting, it should be distinguised from the Quotation. PI is before Delivery of the Goods whereas actual Invoice is raised on/upon delivery of the goods or services usually as Credit payment terms, else Cashmemo.

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