Debit note against excisable purchase invoice

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Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2013 Hi Sir, can you solve my problem as under - we are the excisable unit in gurgaon & received excisable raw material purchase invoice. its invoice have include excise duty & vat 4% also include , but we found 655 qty short out of invoice qty 50000 on 28.01.2012 invoice date. currently we are taking full cenvat & qty in excise record. & raising debit not to party only from proportionately short qty value,vat % only & not shown debit note in excise record also anywhere because we are not showing excise on that debit note????? is it right way sir???? if not than how will we raise debit note to the party or we will issue a excissable invoice to the party for shrt qty. i am confuse totally plz plz help me..

Arun Kumar Singh

Arun Kumar Singh (Expert)
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04 May 2013 You will issue the debit note to the party and take the cenvat credit on actual quantity.

Querist : Anonymous

Querist : Anonymous (Querist)

07 May 2013 Respected Sir, Just explain
1.) that we have to raised the debit note with excise or non excise.
2.) Cenvat credited on which actual quantity (actual as per invoice or actual as per physically received.

Kindly revert as soon as possible. awaiting for ur responce.

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2013 Respected Sir, Just explain
1.) that we have to raised the debit note with excise or non excise.
2.) Cenvat credited on which actual quantity (actual as per invoice or actual as per physically received. Kindly revert as soon as possible. awaiting for ur response.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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09 May 2013 Actual as per physically received the goods.

Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2013 Thanks for your response.
finally one query would be knowing u.
Q. How shall we raised the debit note to vendor? (with excise duty on short qty received or non excisable only with vat). if could be possible pls explain with an example.

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2013 Sir pls revert my previous question regarding for excisable or non excisable debit note.

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