Accounting entry at the time of removal of excisable goods
This query is : Open
17 December 2009
What accounting entry will happen at the time of removal of excisable goods from manufacturing plant to another plant (which come under different-2 excise range).
Thanks in advance
FAZLE
SAP FI Consultant
fazle_sap_fi@yahoo.in
Thanks in advance
FAZLE
SAP FI Consultant
fazle_sap_fi@yahoo.in
27 December 2009
sir
an excise invoice should be issued at the time of transfering from one unit to another , but no sale tax is required to carge, as it is only a stock transfer from salestax angle.
Neeraj Bansal
an excise invoice should be issued at the time of transfering from one unit to another , but no sale tax is required to carge, as it is only a stock transfer from salestax angle.
Neeraj Bansal
28 December 2009
Dear Neeraj
I know sales tax is only require when sales is made and I also know that at the time of removal of goods from manufacturing site excise duty will be applicable.
But my question is that what accounting entry will happen at the time of removal of excisable goods from manufacturing site.
I just want to know the accounting entry(cenvat accounting entry) at the time of removal of goods from manufacturing site.
I know sales tax is only require when sales is made and I also know that at the time of removal of goods from manufacturing site excise duty will be applicable.
But my question is that what accounting entry will happen at the time of removal of excisable goods from manufacturing site.
I just want to know the accounting entry(cenvat accounting entry) at the time of removal of goods from manufacturing site.
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