17 August 2015
DEAR SIR/ MADAM PO of client says excise duty extra,who wants modvatable invoice from manufacturer.dealer is not registered with excise. PO price offered is RS 100000/-should dealer mark up 12.5% in his inclusive Invoice on RS 100000/- or should he add only the excise duty amount as is given in modvatable invoice of Principal manufacturer?
CAclubindia
