Change of format of sales
This query is : Resolved
18 January 2012
Dear all
I need your suggestion on the following asap:
My company ABC Ltd which started its operation in the last year(2010-2011) made its sale invoice in excel since its inception. However in the current financial year(2011-12) it changed its format and now bills are generated through tally since Oct,2011.Is my company is in default in doing this. is there any penal provisions that are liable on this.vat & CST is charged on the sales.
I need your suggestion on the following asap:
My company ABC Ltd which started its operation in the last year(2010-2011) made its sale invoice in excel since its inception. However in the current financial year(2011-12) it changed its format and now bills are generated through tally since Oct,2011.Is my company is in default in doing this. is there any penal provisions that are liable on this.vat & CST is charged on the sales.
18 January 2012
Mr.Sharma
As long as the requirement of the law are complied with in respect to the contents / disclosure of a TAX INVOICE as per the local VAT rules, there are no penal provisions for changing in the mode of issue or change in for format of the invoice.
As long as the requirement of the law are complied with in respect to the contents / disclosure of a TAX INVOICE as per the local VAT rules, there are no penal provisions for changing in the mode of issue or change in for format of the invoice.
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