rate difference
This query is : Resolved
rajeshacharya
(Querist)
13 January 2011
Dear sir,
a debit note is being raised against a manufacturer for charging excess rate than agreed. will we be able to reverse the input credit availed at the time of original purchase and pass it back to the supplier.
Rgds
a debit note is being raised against a manufacturer for charging excess rate than agreed. will we be able to reverse the input credit availed at the time of original purchase and pass it back to the supplier.
Rgds
CA PARAS BAFNA
(Expert)
13 January 2011
In my view, yes. It can be done within 6 months of purchase.
Message likes :
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Manmohan ACA, CS
(Expert)
13 January 2011
pass it back to the supplier.
Message likes :
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rajeshacharya
(Querist)
13 January 2011
will the manufacturer supplier able to receive back the input credit even though we are not raising invoice under rule 11 but it is only a debit note in plain paper . ours is a trading company.
rgds
ganesh
rgds
ganesh
Manmohan ACA, CS
(Expert)
13 January 2011
Invoice under rule 11 containing the minimum specified information is necessary
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1 times
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