Debit/ credit note in excise


This query is : Resolved 

(Querist)
27 April 2014 Dear Sir

Is there debit/ credit note increase / decrease excise liability in the same month

Ronak (Expert)
27 April 2014 Suppose we have sold some goods to a party. But due to rate difference or escalations we want to charge ihim at a higher rate, then we issue him a debit note stating that we are debiting thatarty in our books with reference to invoice no. and goods. So it will definitely have an impact on the excise liability.

Ronak (Expert)
27 April 2014 Suppose we have sold some goods to a party. But due to rate difference or escalations we want to charge ihim at a higher rate, then we issue him a debit note stating that we are debiting thatarty in our books with reference to invoice no. and goods. So it will definitely have an impact on the excise liability.

Raxit (Querist)
30 April 2014 thank you sir, but credit reduce excise liability ?


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