Invoice system
This query is : Resolved
29 December 2014
Hi,
We have registered under Central excise. During the current Financial year 2014-15, we are availing SSI Exemption. Our Manufacturing Turnover is likely to exceed Rs.150 Lacs within a week. Presently we are issuing Normal Invoices serially numbered (001 to 156). Do we have to Change our Invoice No to 001 under Central Excise or Can we continue old series.
We have registered under Central excise. During the current Financial year 2014-15, we are availing SSI Exemption. Our Manufacturing Turnover is likely to exceed Rs.150 Lacs within a week. Presently we are issuing Normal Invoices serially numbered (001 to 156). Do we have to Change our Invoice No to 001 under Central Excise or Can we continue old series.
29 December 2014
The invoice shall be serially numbered and shall contain the registration number, description, classification, time and date of removal, rate of duty, quantity and value, of goods and the duty payable thereon. The serial number shall commence from 1st April every year [beginning of a financial year].
The serial number can be given at the time of printing or by using franking machine. But when the invoice book is authenticated in the manner specified in sub-rule (5) of rule 11, each leaf should contain serial number. Hand written serial number shall not be accepted.
In case of computer-generated invoice, the serial number may be allowed to be generated and printed by computer at the time of preparation of invoice ONLY IF the software is such that computer automatically generates the number and same number cannot be generated more than once. For this purpose, the Central Excise Officers may check the system/software from time to time.
The invoice shall be prepared in triplicate in the following manner, namely:-
the original copy being marked as ORIGINAL FOR BUYER;
the duplicate copy being marked as DUPLICATE FOR TRANSPORTER;
the triplicate copy being marked as TRIPLICATE FOR ASSESSEE.
The above requirement is mainly for Central Excise purposes. However, the assessee may make more than three copies for his other requirements. But such copies shall be prominently marked "NOT FOR CENVAT PURPOSES’.
The serial number can be given at the time of printing or by using franking machine. But when the invoice book is authenticated in the manner specified in sub-rule (5) of rule 11, each leaf should contain serial number. Hand written serial number shall not be accepted.
In case of computer-generated invoice, the serial number may be allowed to be generated and printed by computer at the time of preparation of invoice ONLY IF the software is such that computer automatically generates the number and same number cannot be generated more than once. For this purpose, the Central Excise Officers may check the system/software from time to time.
The invoice shall be prepared in triplicate in the following manner, namely:-
the original copy being marked as ORIGINAL FOR BUYER;
the duplicate copy being marked as DUPLICATE FOR TRANSPORTER;
the triplicate copy being marked as TRIPLICATE FOR ASSESSEE.
The above requirement is mainly for Central Excise purposes. However, the assessee may make more than three copies for his other requirements. But such copies shall be prominently marked "NOT FOR CENVAT PURPOSES’.
29 December 2014
It means, I need not change the serial number. I can use Invoice No.157 under Central Excise and Add Duties. Correct?
29 December 2014
yes Mr. satish ji.
regards,
regards,
Message likes :
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29 December 2014
Thanks Mr. Ramesh. It is very helpful. I have one more query. When I sell Traded Goods after I start using Excise Invoice, do I have to use excise invoice?
29 December 2014
MANY MANY THANKS SIR FOR PUT UP QUERY IN CA CLUB INDIA
30 December 2014
yes you can use excise invoice for sell of goods. but buyer cannot take the cenvat on traded goods. due to for trade goods having excise have separate format of invoice. for that you have take trading excise number then you issue cenvatable traded goods.
31 December 2014
agreed with mr rupesh ji
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