Official letter 3649/TCT-CS issued on 17 October 2012 by GDT replying on deducted VAT for VAT invoices from 2009 to 2010 without payment vouchers through banks
In case, electricity cooperatives purchase electricity from an Electricity Company and resell it to people so that they make the profit out of price difference, invoice from Electricity Company. However, the electricity charges are not paid by bank transfers but paying directly cash into the Company’s account. This action is not allowed by law and fined for violation of tax procedures under regulations of Circular 61/2007/TT-BTC dated 14 June 2007 of MOF.
If the actual operations arise according to the declared invoice and confirmation from the seller about the actual cash amountdirectly paid to the seller’s account then input VAT will be deducted for those invoices from 2009 to 2010 without payment vouchers through banks.
