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Sez bill

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Amit

Accounts

357 Points Posted on 02 January 2023

Hy All

By mistake we booked sez invoice in to normal invoice
material is dispatched on 24 dec

now recipient asking for correct invoice i. e. Sez invoice without tax

how to correct it now
material value is 3lakh

Replies (2)

Quick Summary

If you've accidentally issued a standard invoice for SEZ supplies, don't worry. The recommended solution is to issue a credit note to the recipient for the original invoice. Following this, you should then issue a new, correct invoice that clearly states it's an SEZ supply and is tax-exempt. Ensure both documents are accurately recorded in your accounts and tax filings.

Neha

ENTREPRENEUR

537 Points Posted on 02 January 2023

If you have mistakenly issued a normal invoice for a supply of goods or services that should have been treated as a supply made under the Special Economic Zone (SEZ) scheme, you can follow these steps to correct the mistake:

1. Issue a credit note to the recipient for the supply. The credit note should indicate that it is issued to correct the mistake in the invoice and should specify the invoice number and date of the incorrect invoice.

2. Issue a new invoice to the recipient for the supply, correctly indicating that it is a supply made under the SEZ scheme and that it is exempt from tax.

3. Ensure that the credit note and the new invoice are accounted for correctly in your accounting records and reflected in your tax returns.