Excise Duty Accounting

Save Share

This query is : Resolved

vyshak (Querist)
Follow

03 February 2011 Dear experts,

How is the accounting treatment for excise duty?
I found that when sale happens, the same is accounted gross of excise duty. If so, howe is the input credit treated? Where is the payment shown?

Kindly clarify the same.

Expecting your precious answers.
Vyshak

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

10 February 2011 https://www.caalley.com/gn/gn_tred.html

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

10 February 2011 https://www.caclubindia.com/experts/complete-accounting-treatment-of-excise-with-entries-349240.asp

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

10 February 2011 https://www.caclubindia.com/forum/accounting-treatment-of-excise-duty-75927.asp

https://www.scribd.com/doc/7163665/Guidance-Note-on-Accounting-Treatment-for-MODVAT

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now