RATE DIFFERENCE - JOBWORK SALES

Dear Experts,

 ABC Pvt Ltd Company raised Interstate Job work sale invoice to XYZ Pvt Ltd Company. After 6 months of supplier ABC Pvt Ltd find out that rate was billed lower than actual rate. Over the period, it’s almost more than 30 bills booked in lower rate.

For Example : Actual rate Rs.100, but billed rate was Rs.90 only.

 

ABC Pvt Ltd Company process shall process the debit note for rate difference..?

 

Please share your valuable suggestions.


Thanks & Regards

FAREED

Dear Experts, ABC Pvt Ltd Company doing overseas business. Export invoice made without Payment of Tax. What are the documents required for Refund of ITC on Export of Goods & Services without Payment of Tax. Please share your valuable opinion. Thanks & Regards FAREED

Read more at: https://www.caclubindia.com/forum/refund-export-lut-sales-without-payment-of-tax-583786.asp
Replies (3)
Quick Summary
A company has discovered they've been billing interstate job work sales at a lower rate than actual for several months, impacting over 30 invoices. They are seeking advice on the correct procedure to address this rate difference. The consensus suggests issuing a debit note to rectify the billing error.

Abc Ltd must raise a fresh invoice a supplementary one with a covering letter stating the difference .
The issue is regarding Rate difference it is better to generate Debit Note for the rate variation.

Thanks for your valuable feedback...!
Mr.Mukherjee & Mr.Rajendra Prasad

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