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TMI BlogTAX INVOICEX X X X Extracts X X X X X X X X Extracts X X X X ..... PLEASE CLARIFY ABOUT THE TAX INVOICE, I AM SELLING PRODUCTS TO MY DISTRIBUTOR FOR THE DISTRIBUTOR PRICE EX 30 IN TURN IF THEY SELL THE PRODUCT FOR 34 THEY HAVE TO PAY VAT FOR THE DIFFERENCE, IF THEY DONT HAVE THE TIN NUMBER WHAT CAN BE DONE ( I AM PAYING THE TAX FOR ₹ 30/-) ALL ARE SMALL OPERATORS AND THEY DO BUSINESS OF 2 TO 3 LAKHS PER ANNUM, AND THEY CAN GIVE ORDINARY BILLS TO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THEIR CUSTOMERS OR NOT PLEASE ADIVSE THANKS - Reply By Ganeshan Kalyani - The Reply = Sir, Value Added Tax (VAT) is a tax on value addition on goods. Each registered dealers, in the distribution chain, are supposed to charge VAT and pay to exchequer on the value addition made to the goods being sold. The requirement of registration is compulsory if the dealer's taxable turnover is more t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... han the limit set for registration in the VAT Act of respective States. Your distributor's taxable turnover is below the limit and therfore he has not registered under VAT. The Vat paid by him on purchases of goods from you becomes his cost. Since he is unregistered dealer he cannot collect VAT from his customers. Thanks. - Reply By Ganeshan Kalyani - The Reply = Yes, they can issue retai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l invoice or cash memo or other documents in absence of registration. Tax Invoice can be issued only by a registered dealer. Thanks. - TAX INVOICE - Query Started By: - SUBRAMANIAM MEENAKSHI SUNDARAM Dated:- 25-3-2016 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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