Dear Members,
Need your opinion on following
a pharma dealer moving - delivering stocks (goods) to his customers - hospitals under delivery challans.
He raises E way bill also.But no tax invoice.
He raises tax invoices only on consumption his good by the customers- Hospital- the date of delivery challans With e way bills varies with date of tax invoice ( 3 to 6 months gap also).
I strongly told them that your tax liability arises immediately on deliver of goods and the gap between date of Eway bill & tax innocence is offence.
But he told that this the general practice of most of pharma dealers.
Request members to give opinion .
CAclubindia
