rate difference

This query is : Resolved 

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

13 January 2011 In my view, yes. It can be done within 6 months of purchase.

13 January 2011 pass it back to the supplier.

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

13 January 2011 Invoice under rule 11 containing the minimum specified information is necessary


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