Tax Invoices with Multiple Lines
What are the consequences for the person who recover VAT if below discrepences found in the Vendor's Billing .
- There are supplies in multiple lines but VAT % & VAT Amount & total against each line is not available.Vendors (Goods & Services Providers) just apply VAT %, VAT amount and Total including of VAT at the down summary on the Tax Invoices.
- Vendors also miss TRN, Address, Make Wrong/ short legal Name [not as per Tax Cerrificate/ TL] Even though instructions always be issued to them but also failures on these compliances are common.
Tax Authority can disallow/reject recoverable VAT on such Tax Invoices?
09/03/2021 14:24:10
Replies
SAJITH N09/03/2021 17:36:20
The FTA can reject the claim and require the company to make a claim once they receive proper tax invoices. Even if line wise VAT requirement maybe ignored for disallowance, incorrect/missing TRN and name creates a higher risk. The company can refuse to honor the payment to vendor until proper tax invoice is received.
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