Reversal of excise on passing debit note
This query is : Resolved
ANKIT MUNOT
(Querist)
05 May 2012
A company has passed a debit note to another company for short quantity received. So my Question is whether Excise should be reversed in this debit note for Quantity of goods not received?
S.P.Mahanta
(Expert)
06 May 2012
No Excise reversal necessary if credit availed on actual qty received.
ANKIT MUNOT
(Querist)
11 May 2012
Thanks Mr. S.P.Mahanta.....
I would be gratefull if u can explain this more in detail..
In some cases it is to be reversed. which are those cases can anyone tell me please....?
I would be gratefull if u can explain this more in detail..
In some cases it is to be reversed. which are those cases can anyone tell me please....?
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