19 October 2010
we are buying a product but seller is not excise registered hence which we are not getting modvat benefit however for the same product our buyer(to whom we are selling ) wants us to pass MODVAT benefit. Please advice can we pass this, we are registered in excise as a trader.
20 October 2010
To enable you to pass on the duty, You must procure from Excise Regd Dealer or Manufacturer. Ask your supplier to get registered, if he wants yr business.
25 October 2010
Mr. Tripathi, you can get the benefit if you advice to your seller to arrange the Excise invoice in your name and the seller will raise the Commercial invoice on you then you can passon the credit to your buyer. Hope this will solve your problem in future. Thanks S. Banerjee
CAclubindia
