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I entered into a contract with a buyer to suppl...

I entered into a contract with a buyer to supply him materials for a period of 6 months, with a c...

I entered into a contract with a buyer to supply him materials for a period of 6 months, with a clause that the price may be revised by my company after 3 months. This is the fifth month and we want to revise the price for the fifth and sixth month. What is the time limit for issue of debit/credit note(s) for such revision of prices?


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Chiranjibi Jul. 17, 2018

You may issue the debit/credit note(s) or a supplementary invoice within 30 days of the price revision.

I entered into a contract with a buyer to supply him materials for a period of 6 months, with a clause that the price may be revised by my company after 3 months. This is the fifth month and we want to revise the price for the fifth and sixth month. What is the time limit for issue of debit/credit note(s) for such revision of prices?