Billing prior to vat registration certificate

This query is : Resolved

PRASAD KUMAR .M.G (Querist)
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02 January 2012 DEAR all

whether TDS is deductible on discount given by airlines to Customs house agents along with commisiion. IF yes kindly forward the case law relating to this

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2012 Our MVAT registration is from 29/11/2011 but the first sales executed by us is on 27/11/2011 by single bill of Rs. 850000/

Pl. advise ,whether VAT needed to be charged on said invoice ? and if so , whether buyer will get the set off or it will be considered as URD purchase ?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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05 January 2012 Mr Author,
Immeiately after issuing a bill for Rs8,50,000/- you become liable to pay tax on it.Now you can issue a debit note to add tax to that invoice and increase the total amount. In the same debit note you may also mention your TIN No(VAT registrationNo.).Or in the other way you may cancel that invoice and reissue a proper tax invoice with your TIN No.
MJK

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