supplementary invoice

[Guest]

When supplementary invoice can be issued ...

[YAGAY andSUN]

Dear Dipneet,

Whenever there is any change in price, rate or value of the Capital goods, raw material, components, inputs or input services retrospectively, then, supplementary invoices can be issued.

Further, ss per the settled legal position, differential duty should be paid along with the interest at applicable rate.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

[Mahir S]

Yes, and also for price variation of the finished goods already cleared.

[Guest]

In such cases, is it mandatory to do such change in rate under a supplementary invoice.or if we can do such change in rate with a debit note containing the differential rate (with or without excise duty) .

[Guest]

One thing is clear, that differential duty plus interest has to be paid along with it.

[Mahir S]

It is always advisable that supplementary Invoices are issued, the reason being that the consignee can avail cenvat credit on the duty paid thereon.

AI Summary

Supplementary Invoices Needed for Retrospective Price Changes Under Central Excise; Debit Notes Not Preferred for Cenvat Credit. A discussion on a forum addresses when supplementary invoices can be issued under Central Excise regulations. It is noted that these invoices are necessary when there is a retrospective change in the price, rate, or value of goods or services, requiring payment of differential duty with interest. A participant queries if changes can be made using a debit note instead, but it is advised that supplementary invoices are preferable to enable the consignee to claim cenvat credit on the duty paid. The conversation highlights the importance of issuing supplementary invoices for compliance and credit purposes.