Cma data preparation - impact of excise duty on gross sales
This query is : Resolved
23 March 2019
Dear Professionals,
Since Excise dusty is subsumed in GST, how to treat excise duty while preparing CMA data format for bank loans. We normally consider Gross Sales less Excise duty = Net sales
Since Excise dusty is subsumed in GST, how to treat excise duty while preparing CMA data format for bank loans. We normally consider Gross Sales less Excise duty = Net sales
CMA Bhavya
(Expert)
03 June 2019
Dear Sir,
The basic structure will be same only. Instead of Excise duty now you will deduct GST.
Gross Sales:Less GST=Net sales
The basic structure will be same only. Instead of Excise duty now you will deduct GST.
Gross Sales:Less GST=Net sales
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