14 August 2012
Please clarify my doubt at the earliest
Material despatched along with Invoice and E sugam form bearing amount Rs.1,90,140/-.
After two days consignee informed that, the VAT amount calculation is wrong. Hence I corrected the same invoice with correct VAT amount and sent the invoice copy to the party and Invoice amount becomes Rs.190586/-. In this case , whether I have to cancel the earlier e-sugam form or not ,since it shows wrong invoice amount Rs.190140/- instead of Rs.1,90,586/-.
16 August 2012
If both party accounted the same value (Rs.190586), there is no need to cancel the e-sugam form. Since the material already reached the party, ask the party to correct the value (not using rubber) as Rs.190586.00 and your copy also. This is an error apparent on record and hence the department will not dispute.
CAclubindia
