Dealer excise
This query is : Resolved
Jitendra M.Gurejani
(Querist)
14 October 2013
Respected Members,
What would be the treatment in case of below facts.
1. If I am leasing a Machine to the Other Party and I am registered under the Dealer Excise , How I can pass the Excise Duty thereon, Excise Duty is passed on to me while purchasing the machinery by me Please make a note that it is a Lease of Machine to the Other party, though the ownership will remain with me.
2. What will be excise procedures to be followed in case of above sceanrio.
3. Thirdly , How the opposite party (Buyer) will record the Transactions.
Please reply Urgently
Respected Members,
What would be the treatment in case of below facts.
1. If I am leasing a Machine to the Other Party and I am registered under the Dealer Excise , How I can pass the Excise Duty thereon, Excise Duty is passed on to me while purchasing the machinery by me Please make a note that it is a Lease of Machine to the Other party, though the ownership will remain with me.
2. What will be excise procedures to be followed in case of above sceanrio.
3. Thirdly , How the opposite party (Buyer) will record the Transactions.
Please reply Urgently
Arun Kumar Singh
(Expert)
17 October 2013
Machine is not required for registration of dealer. Register dealer can only pass the excise duty. You should maintained a RG-23D register and file quarterly return for dealer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
