Excise credit
This query is : Resolved
dipali mogal
(Querist)
29 June 2012
can i take excise credit two times in a single bill for two different items.
situation is i purchase material party send me bill for 5 items in which 4 items excise duty is 12% & 1 items excise duty is 10% then how i take credit coz bill cant change.
situation is i purchase material party send me bill for 5 items in which 4 items excise duty is 12% & 1 items excise duty is 10% then how i take credit coz bill cant change.
RENGARAJ R.K
(Expert)
29 June 2012
you can take credit both the amount SHOWN in the invoice. But 10% ED is applicable before budget. How the party charges now along with 12% commoditieS?
Message likes :
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Arun Kumar Singh
(Expert)
04 July 2012
Before budget excise duty was 10% and after budget is 12%. If you have received an invoice after budget then excise duty should be 12%.
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