Excise billing
This query is : Resolved
26 April 2013
We have two mfg unit both company name is diff. but directors are same.
We have supplied material one company to second company as cost price. it is correct, if not kindly send a case study.
Thanks
We have supplied material one company to second company as cost price. it is correct, if not kindly send a case study.
Thanks
10 May 2013
Dear Praveed Kumar,
It is not correct. As both units have different excise registrations, both are separate units as far as Excise is concern. Although, It is a same comapny having same board of directors.
You have to take out profitability i.e. margins on your sales and accordingly you have charge excise duty Cost + normal profit while transferring material from one unit to anothor.
It is not correct. As both units have different excise registrations, both are separate units as far as Excise is concern. Although, It is a same comapny having same board of directors.
You have to take out profitability i.e. margins on your sales and accordingly you have charge excise duty Cost + normal profit while transferring material from one unit to anothor.
Message likes :
1 times
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Building tax payment deduction in rental Income
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
