02 November 2009
We have raised invoice to one of our customers, due to oversight rate is excess charged accordingly excise and VAT is charged excess. Please advise how to raise a credit note so that I get the credit of excise which we would be giving credit to the said customer.
02 November 2009
IN CASE YOU NOT FILED YOUR EXCISE RETURN,GET BACK EXCISE INVOICE FROM CUSTOMER AND CHANGE IT AND YOUR RECORD AS YOU WANT,THEN NO NEED ISSUE CREDIT NOTE.
03 November 2009
in our case the rate is charged excess and we have charged excess duty, we hve to give rate difference credit note which will effect excise and vat. can we take credit back in RG 23 on credit note for excess charged towards excise how, under what excise rule we have to raise the credit note, thank u in advance
03 November 2009
In my views ,you should raise credit note of diffrencial excess amount only excluding excise and vat because whatever excise or vat you pass on to party taken credit of the same so there is no loss to the party in terms of excise and vat.
CAclubindia
