Proforma invoice
This query is : Resolved
30 November 2011
Dear sir,
our Company is started Collecting Advances from Customers (Advertorial & Book sales). but the book is not yet started publishing, currently we are issuing Proforma Invoices for Advance Receipt. But Our clients is not Accepting the Proforma Invoices and demanding the Tax Invoice only in that Case Please suggest me the procedure for Recognizing the revenue or not by issuing the Tax invoice is it correct to issue tax Invoice Please give me the Detailed procedure Very very Urgent
our Company is started Collecting Advances from Customers (Advertorial & Book sales). but the book is not yet started publishing, currently we are issuing Proforma Invoices for Advance Receipt. But Our clients is not Accepting the Proforma Invoices and demanding the Tax Invoice only in that Case Please suggest me the procedure for Recognizing the revenue or not by issuing the Tax invoice is it correct to issue tax Invoice Please give me the Detailed procedure Very very Urgent
30 November 2011
An invoice presented by one company to another for payment for goods prior to their despatch. This method of invoicing is to ensure payment is received and is often the case when two companies have not traded before. If future trading is anticipated it will then be usual for an account to be set up for the purchasing company with credit facilities.
regarding the procedure please make the tax invoice and provide your buyer.
PLEASE READ THE LINK :
https://www.caclubindia.com/experts/what-is-the-difference-between-tax-invoice-and-retail-invoic-829340.asp
regarding the procedure please make the tax invoice and provide your buyer.
PLEASE READ THE LINK :
https://www.caclubindia.com/experts/what-is-the-difference-between-tax-invoice-and-retail-invoic-829340.asp
Message likes :
2 times
30 November 2011
My Question is Different i am not Asking Meaning of Proforma Invoice Please read and guide me any how Thanks for your early Reply
30 November 2011
You cannot issue a tax inovice when you don't sell goods...
30 November 2011
Then provide me the alternative suggestion in this regard
01 December 2011
Please check the other reply
01 December 2011
Dear Srinath,
For advance against sales were received, we need to give proforma invoices only, and without receiving stocks how can they book under purchases, they should show it under advances to suppliers until and unless the stocks were received, tax invoice should be given at the time despatch and if you raise tax invoice, they can claim input duties now, but with out sale how can you remit your out put duties. So it is a question of answering your customers, they will definitely accept your version, if not advice them to contact their tax advisor in this regard.
Bye
For advance against sales were received, we need to give proforma invoices only, and without receiving stocks how can they book under purchases, they should show it under advances to suppliers until and unless the stocks were received, tax invoice should be given at the time despatch and if you raise tax invoice, they can claim input duties now, but with out sale how can you remit your out put duties. So it is a question of answering your customers, they will definitely accept your version, if not advice them to contact their tax advisor in this regard.
Bye
02 December 2011
agreed with expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
