calculation of excise
This query is : Resolved
rajeev khulbe
(Querist)
31 July 2010
Dear Experts,
1) How i have to calculate Excise Duty liability for a company?
2) What is the entry for recognising the excise duty ?
3) what is the entry when it is passed to the buyer?
With regards,
Rajiv
1) How i have to calculate Excise Duty liability for a company?
2) What is the entry for recognising the excise duty ?
3) what is the entry when it is passed to the buyer?
With regards,
Rajiv
CMA Ramesh Krishnan
(Expert)
02 August 2010
1.Excise duty need to calculate on the assessable value of the excisable product
2. Manufactring the excisable products is only recogonising criteria for excise duty
3. on invoicing the goods through excisable invoice can be pass the duty to buyer
2. Manufactring the excisable products is only recogonising criteria for excise duty
3. on invoicing the goods through excisable invoice can be pass the duty to buyer
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