VAT AUDIT QUERY

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2010 We are having retail trading business and we sell small items of hardware. While validating Form No.704 Ann-J1 Sch it shows errors if we do not enter the TIN Nos. of suppliers.
Query:
1. If suppose we do not have TIN nos of small suppliers then what shall we do.

2. We collect VAT even on small cash sales, it is not at all possible to obtain TIN Nos. of all the cash sale parties.

Please let me know how shall we validate our Form No.704 and make it error free

Vishnu Saboo

Vishnu Saboo (Expert)
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12 February 2010 i belevive there should no error shown if TIN no is not filled of sales parties, but TIN no of supplier is must, as you can not avail the VAT credit if supplier is unregisterd.