Direct Supply of material from vendor to OSP Vendor
Hi Experts,
We have a requirement pertaining to OSP.
We have given an Order of Rs. 100000/- to Vendor X for raw material with say basic Excise Duty 12% i.e. Rs. 12000/-.
Order Total value is Rs. 112000/-.
Instead of taking delivery in our inventory we instructed vendor X to deliver material directly to our OSP vendor Y.
We made payment of Rs. 112000/- to Vendor X.
Now Material received by Vendor Y for OSP and he claimed CENVAT of Rs. 12000/-.
We have given an order to Vendor Y for Job Work of Rs. 50000/-.
Now Vendor Y is billing us as
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