TaxTMI 
TaxTMI 
INTEREST PAYMENT ON SUPPLEMENTARY INVOICE RAISED
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....NTEREST PAYMENT ON SUPPLEMENTARY INVOICE RAISED<br> Query (Issue) Started By: - SANDESH SHINDE Dated:- 24-7-2014 Last Reply Date:- 24-7-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear S....
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....ir, 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. Reply By Nav....
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....eed S: The Reply: Yes, interest is payable with retrospective effect on the supplementary invoices raised due to price revisions. Interest would be payable at 18 percent per annum from the date of is....
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....suing the initial/original invoice. For ready reference on the said issue, refer the Supreme Court of India judgement in the matter of Commissioner of Central Excise, Pune Versus M/s SKF India Ltd. 2....
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....009 (7) TMI 6 - SUPREME COURT. Reply By Pradeep Khatri: The Reply: Dear Sandesh, It is settled legal position that interest is payable on the issuance of Supplementary Invoices. Regards, Team YAG....
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....AY and SUN (Management and Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....