12 January 2012
WHAT DATE IS RELAVENT TO BE TAKEN TO A/C IN CASE OF INTERSTATE PURCHASE WHETHER THE DATE OF TAX INVOICE OR DATE OR RECEIPT OF GOODS.? EG- IF GOODS IS PURCHASED FROM KOLKATA THE INVOICE IS RAISED ON 01/01/2012 ; GOODS WERE DISPATCHED ON THE SAME DAY BUT IT WAS RECEIVED ON 05/01/2012 IN BANGALORE. THERE WAS NO MATERIAL RECEIPT VOUCHER MAINTAINED, NOW WHICH DATE SHOULD BE RECORDED AGAINST THIS INTERSTATE PURCHASE, WHETHER DATE OF INVOICE OR 5/JAN/2012.... PLEASE GET BACK WITH A CASE LAW IF ANY...
15 January 2012
Mr V Simha, Date of purchase is decided in different ways.If you enter into an agreement to purchase any goods then the date of agreement will be the date of purchase.In normal transactions a purchase is not done till the delivery of goods are received. So,5-1-2012 is the date of purchase in your case.See the provisions of Sale of goods Act for details. MJK
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