URGENT & IMPORTANT

Friday, January 13, 2012                                                                       REF: PWA/COM/OW/012

 

To,

ALL THE MARKETING HEADS OF PHARMA COMPANIES

 

Sub: Correct Details in the TAX INVOICE

Dear Sir,

This is to inform you that our members have reported their grievance to us in the matter of incorrect information in the invoices.   As per Section 86 of MVAT Act, 2002 & so also as per Drugs and Cosmetics Act, it is mandatory to provide the proper details in the invoices. It is found that some of the suppliers are still mentioning old & outdated Sales Tax/Drug License or incorrect numbers in their invoices which are invalid and will result in anomaly of VAT figures and contravene the laws.

YOU ARE THEREFORE REQUESTED TO PLEASE MENTION CORRECT INFORMATION (SUPPLIER’S AS WELL AS THAT OF DEALERS) IN YOUR INVOICES. CORRECT DETAILS REQUIRED IN INVOICE ARE AS FOLLOWS:

“TAX INVOICE”

Mentioned on top of each invoice.

Name

M/s

Address

Address as appearing in Drug Licence             

Drug Lic. Nos

20B

21B

VAT Tin No

 

CST  Tin No

 

Declaration

“I/we hereby certify that my/our registration certificate under the Maharashtra Value Added Tax Act, 2002 is in force on the date on which the sale of goods specified in this ‘tax invoice’ is made by me/us and that the transaction of sale covered by this ‘tax invoice has been effected by me/us and it shall be accounted for in the turnover of sales while filing of return and the due tax, if any, payable on the sale has been paid or shall be paid”

Please note that in absence of the above details in invoice, it will be difficult for our members to accept the delivery of the stocks or make its payment till the required corrections are made.  Kindly acknowledge the receipt of this communication and do needful with immediate effect by effecting necessary changes in your party master (software) with retrospective effect.

WE WOULD ALSO LIKE TO INFORM YOU THAT IN THE EVENT OUR MEMBERS HAS TO FACE DIFFICULTY FROM CONCERNED DEPARTMENT, OR HAS TO PAY PENALTY, THEN WE SHALL HOLD YOUR COMPANY RESPONSIBLE FOR THE SAME AND ITS LIABILITY WILL BE YOURS.

Thanking you,

Yours Sincerely,
FOR THE PWA

DILIP A. MEHTA
(President)

cc:  1.   IDMA & OPPI

  1. To all the PWA members – Please verify your records and ensure correct details in invoices.
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