Invoice valid

ayaz (Querist) 08 July 2014 This query is : Resolved
Sir i have started a small manufacture and trading business ,now if i buy some machine from one company and sell to other company,
i don't have any VAT TIN no and also CST no ,
i just have a pan card no.so if i want to give invoice to other company
If i make my invoice in which i write only pan no and no vat and no cst then is that invoice valid (my turnover is less then 5 lac because it is new business)

Follow Query

Report Abuse

Devajyoti Barman (Expert) 08 July 2014
yes, it is valid but better make VAT registration.

Rajendra K Goyal (Expert) 09 July 2014
It is valid till you cross the limit for registration minimum threshold limit prescribed.

ayaz (Querist) 09 July 2014
And if at the end of first year my turnover goes above 5 lac then what?
and if i sell machine at last month of year (year ending)and my turnover has exceed 5 lac then what about my invoice ? valid or invalid

Prithvi Raj Sikka (Expert) 12 July 2014
Better u must get Vat no. otherwise u may be penalised by authority.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries