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Mvat_kucchha bill

(Querist) 23 September 2012 This query is : Resolved 
Hello everyone, there are many clients who does not have service tax number so they take kuchha bill (without service tax) for various services like accounting, auditing, maintenance etc because they cannot calim CENVAT CREDIT. even myself has taken kuchha bill for water purifer/tea & coffee machine (fixed assets) & tea powder for my office because i am not liable for MVAT and i cannot claim credit of MVAT paid and in this way i can reduce my cost. My question : What is the risk of taking "kuchha bill"(if the payer cannot is not registered under MVAT/service tax) from taxation point of view ??

CA Ayush Agrawal (Expert) 03 October 2012

Even You Take Kutcha Bill Then Also Indirectly They Collect All Taxes.


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