Issue of debit note
This query is : Resolved
Md. Safi Baig
(Querist)
18 March 2009
How should excise be treated in case of issueance of a debit note to a vendor due to rate differences?
Madhukar N Hiregange
(Expert)
03 April 2009
I assume you mean debit note on cusotmer for rate differecne.
If so it is better to raise an invoice stating rate differecne ( metnion the earlier invoices by which goods supplied- add annexure if reqd) then charge the CED + VAT/ CST.
Cusotmer if under excise can avail the credit of CED.
If so it is better to raise an invoice stating rate differecne ( metnion the earlier invoices by which goods supplied- add annexure if reqd) then charge the CED + VAT/ CST.
Cusotmer if under excise can avail the credit of CED.
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