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tax invoice or retail invoice dvat

aslam waris (SR. ACCOUNTANT (CMA INTER STUDENT)) (37 Points)

16 April 2011

Hi freinds,

please give me a suggesion on below topic.

can a cash purchase in delhi vat is eligible for input tax credit if dealer has issued a RETAIL INVOICE instead of TAX INVOICE., please reply i have to finish vat return process.

thx

aslam waris

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5 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 16 April 2011

if the dealer has put your(buyers) vat number in the invoice, and mentioned your name / address then its eligible for input credit.,

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aslam waris (SR. ACCOUNTANT (CMA INTER STUDENT)) (37 Points)
Replied 16 April 2011

Originally posted by : U S Sharma
	if the dealer has put your(buyers) vat number in the invoice, and mentioned your name / address then its eligible for input credit.,

Thanks a lot sir, by the way all purchases made cash only, taking safe side m not taking input credit on these retail invoices.

thanks a lot once again.

tme s limted,bt drms r unlmtd (Mba ( fin.) Ca final Student) (257 Points)
Replied 18 April 2011

you cant take input credit on retail invoice,,,input credit is available only on tax invoice/vat invoice in which is written that input credit is available on orginal invoice