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
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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
Old Query - New Comments are closed.
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.
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
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.
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
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.
Please tell some rule and regulation in this regards.
Thanks
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:-
Old Query - New Comments are closed.