Debit Notes on sales
This query is : Resolved
Girish Sanghavi
(Querist)
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 ?
Ram Avtar Singh
(Expert)
27 March 2011
if your product is excisable you can issue supplementary Invoice for difference amount. withought Quantity giving detail of previous Bill.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- TDS- 2026-27 Q1 Correction
- Import Order Cancelled.
- Intimation under section 245
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
