Debit Notes on sales
This query is : Resolved
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 ?
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.
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