TaxTMI 
TaxTMI 
interest on supplimentary invoices.
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....nterest on supplimentary invoices.<br> Query (Issue) Started By: - sanjeev jadhav Dated:- 1-8-2012 Last Reply Date:- 4-8-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Sirs, recently w....
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....e come to understand from audit party that their is no need to pay interest on supplimentary invoices. Can we get notification / cirular / bill for the same. Reply By RAMESH PRAJAPATI: The Reply: De....
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....ar Mr Sanjeev, It appears there is some confusion. If you raise supplimentary invoice to increase price of goods, you will have to pay excise duty alongwith interest. It has been confirmed by the Sup....
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....reme Court of India in the matter of CCE vs SKF India Ltd (2009 (7) TMI 6 - SUPREME COURT) = (2009 (239) ELT 385 (SC). Thanks. Ramesh Reply By Pradeep Khatri: The Reply: If additional excise duty ....
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....or service tax is paid later, interest will become payable. But, CENVAT credit of such interest will not be available.<br> Discussion Forum - Knowledge Sharing ....