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Issue ID : 105625
- 0 -

Condition Cancelation of Invoice

Date 02 May 2013
Replies7 Answers
Views 5075 Views
Asked By

Dear Experts,

Can we cancelled 3 to 5 invoice in a month. What will be the condition and obligation for cancelation the invoice. Is it any reason compulsory to given the department for cancelation the Invoice. Pl. advice.

Thanks 

7 answers
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Old Query - New Comments are closed.

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- 0
Replied on May 3, 2013
1.

Cancellation of Invoice:- 

Invoices can be cancelled due to various reasons. You would have to provide intimation to the Central Excise Department via ACES for cancellation of invoice. There is no condition annexed to Cancellation of Invoices. Copies need not be submitted along with returns. Audit party may ask for all the copies to check your contentions.

Further, you would have to also mention the cancelled invoice number in the statutory VAT/CST/Entry Tax returns as the case may be.

- 0
Replied on May 3, 2013
2.

Is there any time limit to intimate the department for canceled the invoice. To consider that we are preparing the Invoice before 7 to 8 days.

Thanks

- 0
Replied on May 4, 2013
3.

Why to make life complicated by not following the Rules and Regulations regarding issuance and cancellation of Invoice under the provisions of Central Excise and VAT/CST Laws.

- 0
Replied on May 5, 2013
4.

Can we not prepare the invoice before 2 to 7 days because date of preparation and removal of goods seperate mention in the invoice.

Thanks 

- 0
Replied on May 5, 2013
5.

How will you justify the preparation of Invoice (in advance from 2 & 7 days) to the VAT/CST Department?  The date of preparation and date of removal of invoice can not be spread from 2 -7 days. There are very stringent provisions in Central and State Tax laws.

 

- 0
Replied on May 6, 2013
6.

Please tell some rule and regulation in this regards.

Thanks

- 0
Replied on May 8, 2013
7.

Please see the Chapter 4 of supplementary instruction (CBEC excise manual)

12 Cancellation of invoices

12.1 When an assessee is compelled to cancel invoice, the following actions should be taken:-

    1. Intimation of a cancelled invoice should be sent to the range Superintendent on the same date, whenever possible. However, in case of exceptional circumstances beyond the control of assessee should this not be possible, the intimation should be sent on the next working day;
    2. Along with the intimation of the cancelled invoice sent to the range Superintendent the original copy of the cancelled invoice should also be sent.
    3. Triplicate copy of the cancelled invoice may be retained by the assessee in the invoice book so that the same can be produced whenever required by audit parties, preventive parties and other visiting officers.

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