Journal entry
Palak Vyas (Practicing CA) (24 Points)
19 January 2017Palak Vyas (Practicing CA) (24 Points)
19 January 2017
CA Reshma K N
(CHARTERED ACCOUNTANT)
(96 Points)
Replied 19 January 2017
Hi,
Confirm my understanding..
1. Both the entities deal with purchase and sale of Hydraulic machines
2. Central Excise provisions are applicable for both.
Palak Vyas
(Practicing CA)
(24 Points)
Replied 19 January 2017
1)E Pvt Ltd deals in hydraulic machines. For R Pvt Ltd it is a Capital goods.
2)Yes both R reg under excise.
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