05 May 2012
Client is doing brick business. So far he has not registered for VAT. Now he wants to have a deal with big construction corporates for selling bricks in bulk. Corporates are insisting for the VAT invoice.
The problem here is, while purchasing the bricks he is not getting any bill from the supplier. If that be the situation, can he raise a VAT invoice without any purchase bills for the bricks he is going to sell.
05 May 2012
He should get registered under VAT. Even if he is not receiving any Invoice for purchases, he can still issue VAT Invoices. The purchases made by him shall be grouped under "Purchases from Un-Registered Dealers."
07 May 2012
Thanks for your answer. I have one more doubt. while filing return he will not be able to produce purchase invoices as he is purchasing from the unregistered delars. Will that be ok.
CAclubindia
