Cancellation of Invoice
This query is : Resolved
Abhishek Dua
(Querist)
28 September 2010
Dear All,
We have Prepared Excise sale invoices for dispatch of the goods and due to certain reasons the goods were not sent outside the factory for around 02-03 months whereas the duty on the goods was paid . now 02-03 months the invoice is cancelled. So, What are the consequences of such long cancellation. What about the duty already Paid. Can we take credit of the same or whether refund should be claimed . If yes kindle give the referred section. Kindly Suggest
We have Prepared Excise sale invoices for dispatch of the goods and due to certain reasons the goods were not sent outside the factory for around 02-03 months whereas the duty on the goods was paid . now 02-03 months the invoice is cancelled. So, What are the consequences of such long cancellation. What about the duty already Paid. Can we take credit of the same or whether refund should be claimed . If yes kindle give the referred section. Kindly Suggest
Ram Avtar Singh
(Expert)
28 September 2010
Cancellation of invoices
11.1 When an assessee is compelled to cancel invoice, the following actions should be taken:-
(i) Intimation of a cancelled invoice should be sent to the range Superintendent on the same date, whenever possible. However, in case of exceptional circumstances beyond the control of assessee should this not be possible, the intimation should be sent on the next working day;
(ii) Along with the intimation of the cancelled invoice sent to the range Superintendent the original copy of the cancelled invoice should also be sent.
(iii)
Triplicate copy of the cancelled invoice may be retained by the assessee in the invoice book so that the same can be produced whenever required by audit parties, preventive parties and other visiting officers.
11.1 When an assessee is compelled to cancel invoice, the following actions should be taken:-
(i) Intimation of a cancelled invoice should be sent to the range Superintendent on the same date, whenever possible. However, in case of exceptional circumstances beyond the control of assessee should this not be possible, the intimation should be sent on the next working day;
(ii) Along with the intimation of the cancelled invoice sent to the range Superintendent the original copy of the cancelled invoice should also be sent.
(iii)
Triplicate copy of the cancelled invoice may be retained by the assessee in the invoice book so that the same can be produced whenever required by audit parties, preventive parties and other visiting officers.
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