Dear experts,
we received invoice from msme vendor after 40 days from date of invoice
so we suggest them to provide credit note for the same and raise new invoice.. however vendor is not willing to provide credit note for the same .. could anyone guide me any alternate way to sort the issue
Menu
MSME payment after 45 days
Replies (2)
Quick Summary
Ask details for late issue of invoice. It's reasonable then account the same as per date of invoice.
Otherwise You can ask the same way as per Your query.
As per invoice act, it must be collected before 30 days. But you can get an invoice for an old date. It's basically illegal to not to give invoice and cognizable offence. Your idea cannot be correct because inventory audit must be adjusted when actual return is not recorded. However, invoice must be generated on that date only and can be given to you later on based on business relationship otherwise demand it.
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
