20 September 2014
A sale transaction involving three parties
1. Manufacturer
2. dealer
3. purchaser
the purchaser is an EOU providing CT3 form for excise duty exemption. wherein name of manufacturer is mentioned. and manufacturer would send goods directly to end purchaser.
now we being dealer, how shall we raise bill on party with our profit markup on the same
and how to deal with sales tax part of it.
22 September 2014
r/sir you are sending the goods to EOU then you can get the sale tax exemption form from the party. if no form available with the party then you have to charge full rate of tax under the vat act in which you belong.
and regarding the excise you can not take the exemption under the this form due to your name and ECC no not mention on that form.
CAclubindia
