Balasubramani (Senior executive) (90 Points)
16 March 2015Sir,
We are chemical retailer to Leather manfacturing companies, one of our new client this month purchase a chemical for manafacturing purpose. @ 5% vat as per our commodity.
After that we are obsereved this new buyer is cancelled in tn vat, we are raised invoice and sale the goods also,
Any problem is there for particular sale, please reply.
sesha
(accounts executive)
(1101 Points)
Replied 16 March 2015
since they cancelled tnvat no whentheyhavecancelledthe tin no andon what date invoice was made place clearify
if their tn vat no was cancelled before invoice was raised thenuwant alter the bill as urd sales otherwise itwill beproblem for u whilemaking mothly returns deptwill ask their purchase party tin no and sales party tin no
Balasubramani
(Senior executive)
(90 Points)
Replied 16 March 2015
| Originally posted by : sesha | ||
 |
since they cancelled tnvat no whentheyhavecancelledthe tin no andon what date invoice was made place clearify
Sir,
In this case Two month before cancellation done, We are made invoice today please clarify, Can i treat this sales as unregistered retail sale |
 |
sesha
(accounts executive)
(1101 Points)
Replied 16 March 2015
u want treat it as unregistered sales otherwi monthly while making monthly or quarterly returns u want furnish tin no of the selling party if dept find tin no as cancelled number the amt of tax u want pay double interest penalty for furnishing wrong sales tax returns, before u alter the invoice as urd sales then it will safe. prevention is better than cure we can use this policy.
CAclubindia
