Cancellation of invoice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2010
Dear Experts,
We are the manufacturers of the Paper, and we have dispatched a certain consignment, on issue of certain exceise invoice on 31 st of september. The duty in the invoice was paid within the due date. On 10 th october, the consignee replied that the material described in the invoice was wrong and thus asked for a new invoice.
So i was required to cancel the same issue a new one. Now, the question is that how should retake the credit on the same, and whther i have to pay th eduty again on the new invoice
We are the manufacturers of the Paper, and we have dispatched a certain consignment, on issue of certain exceise invoice on 31 st of september. The duty in the invoice was paid within the due date. On 10 th october, the consignee replied that the material described in the invoice was wrong and thus asked for a new invoice.
So i was required to cancel the same issue a new one. Now, the question is that how should retake the credit on the same, and whther i have to pay th eduty again on the new invoice
29 October 2010
you may issue credit note against that wrong invoice. then you can issue new invoice. no need to pay tax again. you will get adjustment.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2010
the credit note will be inclusive of duty???
29 October 2010
yes. just reverse entry against invoice.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- ARCA LOGIN
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
