Cenvate credit on debit note
This query is : Resolved
10 October 2012
Excise Duty Credit on Debit Note issued by consingee for some percentage goods breakage and rejection, no separate value calculation in debit note only total value shown.
Example
Total Qty Dispatch 500 Nos. @ rs.10/- Value Rs. 5000/- + Excise Duty @ 12.36% = Rs. 618/- + CST 2% = Rs. 112/- Total Bill Value Rs. 5730/-. party send Debit Note for Rs. 573/- (10% breakages)
Example
Total Qty Dispatch 500 Nos. @ rs.10/- Value Rs. 5000/- + Excise Duty @ 12.36% = Rs. 618/- + CST 2% = Rs. 112/- Total Bill Value Rs. 5730/-. party send Debit Note for Rs. 573/- (10% breakages)
10 October 2012
Excise Duty Credit on Debit Note issued by consingee for some percentage goods breakage and rejection, no separate value calculation in debit note only total value shown.
Example T
otal Qty Dispatch 500 Nos. @ rs.10/- Value Rs. 5000/- + Excise Duty @ 12.36% = Rs. 618/- + CST 2% = Rs. 112/- Total Bill Value Rs. 5730/-.
party send Debit Note for Rs. 573/- (10% breakages)
Example T
otal Qty Dispatch 500 Nos. @ rs.10/- Value Rs. 5000/- + Excise Duty @ 12.36% = Rs. 618/- + CST 2% = Rs. 112/- Total Bill Value Rs. 5730/-.
party send Debit Note for Rs. 573/- (10% breakages)
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