INTEREST PAYMENT ON SUPPLEMENTARY INVOICE RAISED

[Guest]

Dear Sir,

Is interest payable on supplementary invoice raised on price revisions with retrospective effect, please clarify with any references regarding this,pls explain, thanks and regards.

AI Summary

Interest Payable on Supplementary Invoices Due to Retrospective Price Changes Confirmed at 18% Per Annum A query was raised regarding whether interest is payable on supplementary invoices issued due to retrospective price revisions. Two responses confirmed that interest is indeed payable. The first response specified that interest is charged at 18 percent per annum from the date of the original invoice, citing a Supreme Court judgment involving the Commissioner of Central Excise, Pune and M/s SKF India Ltd. The second response reiterated that it is a settled legal position that interest is due on such supplementary invoices.