EXCISABLE INVOICE ISSUED WITH OVER AMOUNT AND GOODS DELIEVERED WITH LESS QUANTITY

[Guest]

Dear Experts,

we are manufacturer and our final product is excisable and my query is that

1) we have sold excisable goods to our party with qty. 100 nos. and charges excise duty and cst .(ass. 100000 + excise . 12500 + cst. 2250 = gross 114750/- ) with this invoice but physically qty. deleivered to party only 90 nos. so in that case how to solve this issue ... how to send balance 10 qty. and which effect will be given in RG-1 .

2) We have sold excisable goods to our party with qty. 300 nos. with invoice and charges made as per quantity but physically qty. deleivered to party 400 nos. so in that case how to give effect of 100 excess nos. qty. in our RG-1 because our RG-1 Shows excess qty. but physically are not available and how to give excisable effect ..

pls. suggest ..

regards,

Manan Pandya

[Mahir S]

1).You can show the production entry of 10 quantity in Your RG 1 register as the same are physically available in the factory. Prepare excise invoice and clear them on payment of duty.

You shall have to pay duty again on the 10 quantity now.

2) Issue excise invoice for 100 nos quantity with duty payment to the same consignee, and debit 100 nos quantity in your RG1 register.

[Guest]

thank you sir ,

for your value able reply but i have a little confusion in the first point , we have already 10 qty. debit in RG-1 register and duty debited but physically was not delivered .. so again we have to raise another invoice of 10 qty. to party then we have to pay double excise duty and twice qty. will be debited so pls. tell me in detail so i can solve this.

thanking you,

regards,

Manan Pandya

ahmedabad

cell: 8155009801

[Mahir S]

Mananji,

I have sent you a Personal message PM, explaining in detail and clarifying your confusion,

[JSW CEMENTLIMITED]

In case of your first confusion, you clear ten no. extra on a delivery challan along with xerox copy of the invoice which was raised for 100 Nos. mention in your delivery challan, that this quantity is covered in the invoice no.____ dated _____ and excise duty and sales tax already been paid. You need not make any further entries in RG1.

With regards to your second confusion, as already suggested you need to raise invoice for 100 nos on your buyer and duty and taxes should be paid and make entries for this 100 nos in RG1.

Regards,

V.Venkat Raman

AI Summary

Excise duty accounting: shortfall cleared on delivery challan; excess requires invoice, duty payment and RG-1 update. Where invoiced quantity exceeds goods delivered, dispatch the shortfall on a delivery challan referencing the original invoice and noting duty and sales tax already paid to avoid a fresh RG 1 entry and duplicate duty; alternatively, one may record a stock/production entry in RG 1 and raise an invoice with duty payment (which creates an additional RG 1 debit). Where delivery exceeds invoice quantity, raise an excise invoice for the excess, pay duty and debit the excess in RG 1.