Billing and VAT input Credit
Narayanasamy.Y (Freelancer-Accounts&Tax) (92 Points)
10 May 2007Can any tell me whats Centralised and decentralised billing and its impact to VAT input Credit
Regards,
Narayanan.
Narayanasamy.Y (Freelancer-Accounts&Tax) (92 Points)
10 May 2007
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 31 October 2008
Centralised billing is locating the activity billing in one single place irrespective of the place of despatch.
Irrespective of where the billing takes place for administrative reasons, VAT depends upon the place of despatch.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)