Accounting entries in case of scrape trader
This query is : Resolved
19 January 2015
my client deal in scrape trading. he purchase scrape & pay excise duty. now how can he make entry for this excise duty in accounts.how he prepare sales bill ?. whether he has to claim excise duty like service tax in his sales bill.
how to treat excise duty on purchase in account book.
pl give me urgent reply.
how to file excise return?
how to treat excise duty on purchase in account book.
pl give me urgent reply.
how to file excise return?
21 January 2015
If process amounts to manufacture or production of goods then you need to registered with excise and pay duty otherwise no need to pay duty and you can't take credit. you should consult with any professional.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
