EXcise and vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2011
Dear Experts,
A company has final product exempted from excise. So the purchases made are shown inclusive of excise duty or service tax paid.
Is the treatment correct or the duty should be booked separetaly as expenses in PL acount?
thnx in advance
A company has final product exempted from excise. So the purchases made are shown inclusive of excise duty or service tax paid.
Is the treatment correct or the duty should be booked separetaly as expenses in PL acount?
thnx in advance
15 April 2011
No need to book these expenses separately.
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