We are a battery manufacturing Co.For raw material we are purchasing LEAD. But due to quality problems we want to send back LEAD to our supplier. Our supplier advised us to make a our own Invoice and send the LEAD. Now if we make our own invoice shall I charge Vat/CST in Invoice? Kindly confirm me Thanks and regards, R.,
07 June 2010
You can make an invoice charging CED and CST/ VAT depending on where the manufacturer is located. If internal then he would avail the credit. If not the CST charged would be eaither reocvered ( if wiuthin 6 motnhs) or lost.
07 June 2010
Dear Mr.Madhukar, I am very much thankful for your valuable reply. But even though I have a small doubt and that is as below: To send the goods to our supplier we have to apply CST 2%. Lead is very valuable metal and CST 2% is more thatn 14000.00. Hence request you kindly guide me how to recover the CST amount. Thanks and regards, R
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