Input Tax Credit on Manufacturer invoice? or Dealer Invoice

[Balamurugan R]

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 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..

[KASTURI SETHI]

Dealer's invoice is valid. During pre-GST era, any invoice issued by dealer also contains the name of manufacturer from whom dealer purchases.

[Ganeshan Kalyani]

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.

[KASTURI SETHI]

Dealer's invoice contains GST paid particulars and invoice is also in 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. Correct procedure has to be followed.

[KIRTIKUMAR PUROHIT]

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.

AI Summary

Input tax credit depends on valid tax invoice issuance; dealers charging GST must issue tax invoices for credit eligibility. Input tax credit under GST depends on a valid tax invoice in the recipient's name evidencing taxable supply and tax payment; a document titled 'bill of supply' is inappropriate for claiming credit when GST has been charged. Dealers charging GST must issue tax invoices; taxable persons registered under GST must follow invoice formalities, and entitlement to credit requires compliance despite limited transitional tolerance for procedural lapses.