Excise duty on shortage of goods and rate difference
This query is : Resolved
B Venkatesh
(Querist)
21 February 2014
Respected Experts,
We have a client who purchase Solvents, whereby there will be difference in the quantity in Invoice and Actual Quantity.
If we find any difference then we will raise debit notes.
My doubt is that whether we have to raise Debit notes inclusive/ showing the Excise duty and relevant taxes or not(I heard that Supplementary Invoices must be raised)
Another doubt is that whether the same procedure is applicable for Rate Differences, Year end Discounts.
Awaiting for Reply,
Thank you in Advance
We have a client who purchase Solvents, whereby there will be difference in the quantity in Invoice and Actual Quantity.
If we find any difference then we will raise debit notes.
My doubt is that whether we have to raise Debit notes inclusive/ showing the Excise duty and relevant taxes or not(I heard that Supplementary Invoices must be raised)
Another doubt is that whether the same procedure is applicable for Rate Differences, Year end Discounts.
Awaiting for Reply,
Thank you in Advance
Arun Kumar Singh
(Expert)
01 March 2014
You will issue the debit notes. You should received the goods on actual basis not on invoice basis.
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