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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
