Dealer excise
This query is : Resolved
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
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
