Debit note in term of excise
This query is : Resolved
16 October 2012
DEAR SIR
WE ARE PURCHASING THE MATERIAL FROM PARTY A SINCE JUNE @ RS 50.00 BUT IN OCTOBER WE DE-ESCALATION THE PRICE FROM JULY, SO WHEN WE WILL RAISED THE DEBIT NOTE SHALL WE CHARGE EXCISE & CST, & WHAT WILL BE THE PROCEDURE
THANKS & REGARDS
WE ARE PURCHASING THE MATERIAL FROM PARTY A SINCE JUNE @ RS 50.00 BUT IN OCTOBER WE DE-ESCALATION THE PRICE FROM JULY, SO WHEN WE WILL RAISED THE DEBIT NOTE SHALL WE CHARGE EXCISE & CST, & WHAT WILL BE THE PROCEDURE
THANKS & REGARDS
16 October 2012
Yes u have to charge Excise and sales tax on differential/increased amount
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