Excise Duty Accounting

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vyshak (Querist)
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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)
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10 February 2011 http://www.caalley.com/gn/gn_tred.html

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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10 February 2011 https://www.caclubindia.com/experts/complete-accounting-treatment-of-excise-with-entries-349240.asp

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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10 February 2011 https://www.caclubindia.com/forum/accounting-treatment-of-excise-duty-75927.asp

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

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