We have sold some machinery during P.Y. and we have collected less duty than to be collected. The same was noticed by the dept. in the course of audit and collected the differential amount.
Further, we raised an invoice for the differential amount to the client.
Now the client is not ready to pay differential duty since he wont get input credit of the same.
Is this correct? If not, kindly advice me as what is the course of action.
13 July 2014
YOU SHOULD RAISE YOUR SUPPLEMETARY INVOICE FOR CHARGING DIFFERENTIAL AMOUNT OF DUTY ONLY SHOWING THE DETAIL OF YOUR PREVIOUS SUPPLY INVOICE AND GOODS. THEN YOUR BUYER CAN GET CENVAT CREDIT ON YOUR SUCH INVOICE. THANKS R.K. GARG (M.COM. L.L.B.) [CONSULTANT OF CENTRAL EXCISE,CUSTOMS AND SERVICE TAX]
CAclubindia
