Clarification

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 if a trading company is not registered as excise duty but purchased material from other company and sold to other company in mean while purchased company collected Excise duty form the trading company
but trading company not collected excise duty when sold the goods
my question is
is excise duty direct expenses / indirect expenses to trading company ????
Please clarify

U S Sharma

U S Sharma (Expert)
Follow

14 July 2011 escise duty is integral part of purchase cost, he has to sell at gross rate inclusive of excise, + his onw trading margin + vat / cst as applicable

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now