Debit Notes on sales

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Girish Sanghavi (Querist)
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27 March 2011 1. We have short billed the sales invoice. The GR/PP forms have been filed with bank. My query is :
1. How can we recover the extra amount that remained to be recovered. Can we raise Debit notes for difference in values ? Can we issue fresh invoice and cancel the earlier invoice ?
2. What is the time limit within which the above matter needs to be addressed.?
3. Is there any maximum ceiling or percentage upto which Debit notes can be prepared ?
3. What are procedural matters to be kept in mind ?
4. Would the reply be different if the proceeds are already realised ?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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27 March 2011 if your product is excisable you can issue supplementary Invoice for difference amount. withought Quantity giving detail of previous Bill.

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