Duty on supplimentary invoice
This query is : Resolved
vishnumurthi holla
(Querist)
23 April 2012
Dear,
I have removed goods on 05.01.2012 @10% of excise duty and regularly supply the product as per the PO. I have also asked my customer for upward revision of rates. on 20.04.2012 my customer has revised the same with retrospective effect from Jan 2012.
Let me know if I have to raise the supplementary bill for the removals up to 17.03.2012 what rate i have to charge- a) Rate at the time of removal ie 10% or b) Rate at the time of supplementary Invoice ie 12%
I have removed goods on 05.01.2012 @10% of excise duty and regularly supply the product as per the PO. I have also asked my customer for upward revision of rates. on 20.04.2012 my customer has revised the same with retrospective effect from Jan 2012.
Let me know if I have to raise the supplementary bill for the removals up to 17.03.2012 what rate i have to charge- a) Rate at the time of removal ie 10% or b) Rate at the time of supplementary Invoice ie 12%
Radhey Choudhary
(Expert)
25 April 2012
Excise Duty is on product so you have to charge excise Duty on rate which is applicable on its removal day in your case its 10%..
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