SUDARSHAN JAIN (WORKING IN C.A. FIRM) (38 Points)
23 April 2011this is regarding mistake in a exciseable sale invoice.
the basic price of this item was rs.2.75 and price mentioned in bill was 27.5 paise.
so now i have to raise supplementary bill for the differential rate difference ie., rs.2.48(2.75-.275).
Pankaj Arora
(Learner)
(3134 Points)
Replied 23 April 2011
Its not compulsory but mostly manufacture raise supplementary invoice for account in party ledger if they do not same than may be they will get loss on their product…
Raise supplementary invoice and pay duty accordingly.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 23 April 2011
| Originally posted by : SUDARSHAN JAIN | ||
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this is regarding mistake in a exciseable sale invoice. the basic price of this item was rs.2.75 and price mentioned in bill was 27.5 paise. so now i have to raise supplementary bill for the differential rate difference ie., rs.2.48(2.75-.275). |
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yes, where duty matter is involved u have to raise supplimentary invoice with payment of diff of duty involved,
be careful in future while issuing invoices as valuation rules may invite troubles, if noticed by department.
Amit
(Accountant)
(261 Points)
Replied 24 April 2011
without supplementary invoice, the purchaser can not take credit for excise charged. (if the diffrence was debited to party by debit note
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
