Risk of issuing two invoices bearing the same invoice number
This query is : Resolved
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?
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.
(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.
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)
CA. Yayati Tyagi
(Expert)
07 May 2008
CA. Yayati Tyagi
(Expert)
07 May 2008
15 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
