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Pakage vendors

Allied Laws - Started By: - Sanjay Vasava - Dated:- 17-9-2016 Last Replied Date:- 20-9-2016 - Dear Sir, We given a contract to party with material (like trunkey project). He started material supply, party is pakage vendor, we are not made GRN - Goods Receipt Not. We checked only quantity. And with proper documents we are processing for further payment. In this case without GRN how can release payment? How can take CENVAT Credit? What is entries in books? Please suggest.Thanks & Regards, Sanj .....

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- Reply By Sanjay Vasava - The Reply = Sir, We are given a contract to party for supplying of boiller materials & Same party will be doing fabrication, installation, and other services. Our party is started of material supply, my superior has suggested to me dont made GRN for pakage vendor. without GRN can I book an entry in system or books? How can do CANVAT credit entry? We already paid one payment to party. But accounting entry is pending in our books. Please suggest.Sanjay Vasava - Reply .....

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