Duty on supplimentary invoice
This query is : Resolved
23 April 2012
Dear,
I have removed goods on 05.01.2012 @10% of excise duty and regularly supply the product as per the PO. I have also asked my customer for upward revision of rates. on 20.04.2012 my customer has revised the same with retrospective effect from Jan 2012.
Let me know if I have to raise the supplementary bill for the removals up to 17.03.2012 what rate i have to charge- a) Rate at the time of removal ie 10% or b) Rate at the time of supplementary Invoice ie 12%
I have removed goods on 05.01.2012 @10% of excise duty and regularly supply the product as per the PO. I have also asked my customer for upward revision of rates. on 20.04.2012 my customer has revised the same with retrospective effect from Jan 2012.
Let me know if I have to raise the supplementary bill for the removals up to 17.03.2012 what rate i have to charge- a) Rate at the time of removal ie 10% or b) Rate at the time of supplementary Invoice ie 12%
25 April 2012
Excise Duty is on product so you have to charge excise Duty on rate which is applicable on its removal day in your case its 10%..
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