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
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
(Expert)
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
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