Duty

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Prashant V Gavade (Querist)

09 November 2013 Sir,
we have 2 unit in same excise range , we have to transfer in put material & finished product for production & sale pourpose .

My question is, will we have to prepare excise invoice for both transction in inter branch transfer?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

09 November 2013 Retail invoices are to be issued in case of interstate sales, interstate branch transfers and exports.

Prashant V Gavade

Prashant V Gavade (Querist)

09 November 2013 will we have to mentioned Excise & vat also .

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

09 November 2013 Retail invoice should contain the same details in tax invoice except TIN of purchaser.

A retail invoice may also be in the format for tax invoice. But on the top of the invoice, instead of tax invoice, retail invoice should be printed.

see:

https://www.caclubindia.com/experts/what-is-the-difference-between-tax-invoice-and-retail-invoic-829340.asp#.Un3k8idHhkh

Prashant V Gavade

Prashant V Gavade (Querist)

09 November 2013 Means we have to take duty in account & receiving has to take credit for the payment of duty

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