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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 ..... Dear Experts, Can we cancelled 3 to 5 invoice in a month. What will be the condition and obligation for cancelation the invoice. Is it any reason compulsory to given the department for cancelation the Invoice. Pl. advice. Thanks - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 contentions. 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 - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 following the Rules and Regulations regarding issuance and cancellation of Invoice under the provisions of Central Excise and VAT/CST Laws. - Reply By RAM SHA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RMA - 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 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. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re 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 excise manual) 12 Cancellation of invoices 12.1 When an assessee is compelled to cancel invoice, the following actions should ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 next working day; Along with the intimation of the cancelled invoice sent to the range Superintendent the original copy of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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. - Condition Cancelation of Invoice - Query Started By: - RAM SHARMA Dated:- 2-5-2013 Central Excise - Got 7 Replies - Central Excise - Discu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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