05 March 2013
WE ARE MGF CO REGISTERD IN EXCISE, WE RAISED A DEBIT NOTE AG RATE DIFFERECE TO OUR SUPPLIER(MFG & REGISTERD IN EXCISE) & CHARGED EXCISE DUTY. SUPPLIER IS DENIED TO PAY EXCISE DUTY. PLEASE TELL ME IS IT EXCISE DUTY APPLICABLE ON DEBIT NOTE, PLEASE TELL WITH SECTION SO THAT I CAN GIVE PROPER REPLY TO MY SUPPLIER
05 March 2013
The document for credits needs to be an invoice. Only if the debit note has all the contents of the invoice can it be used for availing the credit. It is always better to raise a supplementary invoice to enable the customer to avail the credit and you to get the payment.
07 March 2013
I AM AGREE WITH MADHUKAR JI THAT DEBIT NOTE IS NOT A VALID DOCUMENT FOR CLAIMING CENVAT CREDIT. THERFORE, YOU MUST RAISE YOUR INVOICE UPON YOUR SUPPLIER MENTIONING THE FOLLOWING REMARK:-
1. BILL FOR DEBITING YOUR ACCOUNT AGAINST YOUR INVOICE NO..........DTD......... DUE TO RATE DIFFERENCE. (AS A DEBIT NOTE)
2. CENVAT HAS BEEN DEBITED IN OUR RG23A PT-II VIDE SL. NO...........DTD........
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