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TMI BlogCondition Cancelation of InvoiceX X X X Extracts X X X X X X X X Extracts X X X X ..... Condition Cancelation of Invoice X X X X Extracts X X X X X X X X Extracts X X X X ..... nks Reply By Pradeep Khatri: The Reply: Cancellation of Invoice:- Invoices can be cancelled due to various reasons. You would have to provide intimation to the Central Excise Department via ACES for cancellation of invoice. There is no condition annexed to Cancellation of Invoices. Copies need not be submitted along with returns. Audit party may ask for all the copies to check your contention ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Further, you would have to also mention the cancelled invoice number in the statutory VAT/CST/Entry Tax returns as the case may be. Reply By RAM SHARMA: The Reply: Is there any time limit to intimate the department for canceled the invoice. To consider that we are preparing the Invoice before 7 to 8 days. Thanks Reply By Pradeep Khatri: The Reply: Why to make life complicated by not follo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wing the Rules and Regulations regarding issuance and cancellation of Invoice under the provisions of Central Excise and VAT/CST Laws. Reply By RAM SHARMA: The Reply: Can we not prepare the invoice before 2 to 7 days because date of preparation and removal of goods seperate mention in the invoice. Thanks Reply By Pradeep Khatri: The Reply: How will you justify the preparation of Invoice (in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... advance from 2 & 7 days) to the VAT/CST Department? The date of preparation and date of removal of invoice can not be spread from 2 -7 days. There are very stringent provisions in Central and State Tax laws. Reply By RAM SHARMA: The Reply: Please tell some rule and regulation in this regards. Thanks Reply By Yatin Bhopi: The Reply: Please see the Chapter 4 of supplementary instruction (CBEC e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xcise manual) 12 Cancellation of invoices 12.1 When an assessee is compelled to cancel invoice, the following actions should be taken:- * Intimation of a cancelled invoice should be sent to the range Superintendent on the same date, whenever possible. However, in case of exceptional circumstances beyond the control of assessee should this not be possible, the intimation should be sent on the n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ext working day;
* Along with the intimation of the cancelled invoice sent to the range Superintendent the original copy of the cancelled invoice should also be sent.
* Triplicate copy of the cancelled invoice may be retained by the assessee in the invoice book so that the same can be produced whenever required by audit parties, preventive parties and other visiting officers. X X X X Extracts X X X X X X X X Extracts X X X X ..... rum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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