Excie invoice on sales return
This query is : Resolved
22 July 2013
good afternoon
We have sold material to x customer who is not registered with Excise , The invoice is bill to, to X who is no excisable customer but ship to Y customer who is registered with Excise.
Now the Y customer has rejected the material and want to bill that back to us.
My query who will raise the bill , as we have to give the refund of Cenvat to Y
How the bill has to be made bill to X and ship to my name please clarify
We have sold material to x customer who is not registered with Excise , The invoice is bill to, to X who is no excisable customer but ship to Y customer who is registered with Excise.
Now the Y customer has rejected the material and want to bill that back to us.
My query who will raise the bill , as we have to give the refund of Cenvat to Y
How the bill has to be made bill to X and ship to my name please clarify
22 July 2013
Y will return the rejected material under cover of the excise invoice in which X as buyer and you as consignee. On the basis of such bill, you will eligible for cenvat credit which in turn is to be passed to Y by way of issuing credit note.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RELATED TO TRIBUNAL APPEAL
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ITR 4 and Bank transactions
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
