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Risk of issuing two invoices bearing the same invoice number

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(Querist)
07 May 2008 What is the risk involved in issuing two invoices bearing the same invoice number to two different clients? Would there be any implication if one of the said invoices is cancelled?
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Amit Sharma

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Amit Sharma (Expert)
07 May 2008 During Audit it would surely create alot of preoblems namely:-

(a)Disallowed
(b)The auditor will not approve it and hence would in-turn cancel it and you would have to get a new one done.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
07 May 2008 The worse may be that you may be caught by tax (sales tax, excise, income tax etc.) authorities and they will charge the company with accusations to indulge in tax evading practices (like you do this regularly and cancels everytime the otherone but this time you are caught)
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
07 May 2008
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
07 May 2008
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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