27 March 2011
1. We have short billed the sales invoice. The GR/PP forms have been filed with bank. My query is : 1. How can we recover the extra amount that remained to be recovered. Can we raise Debit notes for difference in values ? Can we issue fresh invoice and cancel the earlier invoice ? 2. What is the time limit within which the above matter needs to be addressed.? 3. Is there any maximum ceiling or percentage upto which Debit notes can be prepared ? 3. What are procedural matters to be kept in mind ? 4. Would the reply be different if the proceeds are already realised ?
27 March 2011
if your product is excisable you can issue supplementary Invoice for difference amount. withought Quantity giving detail of previous Bill.
CAclubindia
