Terms and Conditions: –
In the GST regime, below T&C shall be applicable:
1. You will raise the Tax Invoice in the format prescribed as per GST Laws along with prescribed
documents for movements of goods and ensure to upload the required data timely in GSTR-1 and GSTR-3.
2. If GST is payable under reverse charge by us, then the same should be mentioned on Invoice by you.
3. In case of any advance payment, you shall raise the necessary document and ensure the compliances
as required under GST Law.
4. You will ensure that GST credit is unconditionally available to us in the immediate subsequent
month of raising of Invoice.
5. The payment of the GST component of the invoice shall be paid 15 working days after submission of the GSTR 3
acknowledgment copy. The payment will therefore be made after matching the Input Tax Credit
in the GSTN Portal. In the circumstances that such credit is reversed on GSTN portal, the same amount
shall be charged to you via Debit Note and will be adjusted in subsequent payments.
6. In case of any loss to us on account of non-compliance from your end e.g. incorrect declaration,
failure/delay in deposit, failure/delay in upload of transaction, confiscation of goods by Govt. due
improper documents during movement etc. the same shall be recovered from you along with
interest/penalty, if any.
7. Wherever applicable, we shall deduct tax at source under the GST Laws at the rates prescribed.
INVOICE:
All invoices should mention full particulars such as P.O. No, date, consignment, reference number,
description of the goods supplied, applicable tax nos. such as PAN, Service Tax, GST number
The vendor shall intimate PROSE of any changes in the tax structure in writing within 7 days from
the date of such change. Such changes are subject approval by PROSE Failure to comply with these
instructions may delay the settlement of your payment.
REJECTION:
Services / Goods not satisfactory or not up to the standards laid down or found not suitable to the requirements
at any stage shall be rejected at the sole discretion of PROSE after inspection. On intimation, the rejected
goods shall be forthwith removed from the premises of PROSE by the vendor at his own cost. If not removed
within 30 days period from the date of intimation, the goods shall be scrapped or sold in the open market by
PROSE and such residual value, if any, shall be paid by PROSE to vendor
LIQUIDATED DAMAGES:
PROSE reserves the right to levy liquidated damages equal to 2% of the price for every week or part of the
week during the period of delay in rendering of services or delivery of products, subject to maximum
amount of 10% of the Purchase order value.
PROSE reserves the right to levy liquidated damages equal to 2% of the price for every week or part of the
week during the period of delay in rendering of services or delivery of products, subject to maximum
amount of 10% of the Purchase order value.
week during the period of delay in rendering of services or delivery of products, subject to a maximum
amount of 10% of the Purchase order value.