Input Tax Credit on Manufacturer invoice? or Dealer Invoice

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..... Input Tax Credit on Manufacturer invoice? or Dealer Invoice
Query (Issue) Started By: - Balamurugan R Dated:- 19-7-2017 Last Reply Date:- 13-8-2017 Goods and Services Tax - GST
Got 4 Replies
GST
Dear Experts,, We are a manufacturing unit. Some of the Raw Materials we have purchased from Dealers, So we have Dealer invoice and as well as the manufacturer invoice, Both of them charging .....

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..... GST in their bills and both the invoice contain our name as party name.. We are deal only with the dealer and the we made the payment also to them only.. So in the above case we are able to take a input tax credit from the Manufacturer invoice or dealer invoice. .Pls suggest asap.. Reply By KASTURI SETHI: The Reply: Dealer's invoice is valid. During pre-GST era, any invoice issued by dealer .....

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..... also contains the name of manufacturer from whom dealer purchases. Reply By Ganeshan Kalyani: The Reply: The person supplying taxable goods has to issue "Tax invoice " and for tax free goods "Bill of Supply" . Thus dealer invoice under GST is an invalid document. Reply By KASTURI SETHI: The Reply: Dealer's invoice contains GST paid particulars and invoice is also in .....

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..... your name. GST, being a new levy, ITC cannot be disallowed. For a period of three months, no penal action will be taken by Govt. for procedural lapse. Dealer has to use words, 'Tax Invoice' and Not Bill of supply as Dealer has paid GST. Bill of supply is for exempted goods/services and composition scheme. Sh.Ganeshan Kalyani ji is right for future dealer should use the words Tax Invoice. C .....

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..... orrect procedure has to be followed. Reply By KIRTIKUMAR PUROHIT: The Reply: In GST Regime Manufacturer, Dealer ans Service Provider all are in stage as Taxable Person and if Register in GST than Tax Invoice is applicable.
Discussion Forum - Knowledge Sharing .....

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