Excise input credit
This query is : Resolved
Raghu Krishna
(Querist)
26 March 2014
hi. this is Raghu . i have dout in excise duty how will i intake amount from (collected duty )sales and how adjusted with purchase( paid excise duty) kindly give me the answer
Ajay Raghatate
(Expert)
28 March 2014
Your Input Credit (Purchase / Ser Tax Credit)
Basic 100000
Ed Cess 2000
SHcess 1000
Duty Payble (Sales )
Basic 150000
Ed Cess 3000
SHcess 1500
You have to pay Excise Duty by cash (PLA)
Basic 50000 + 1000 + 500
If Duty Payble (80000+1600+800)
Input Cenvat Bal will be (20000+400+200)
Basic 100000
Ed Cess 2000
SHcess 1000
Duty Payble (Sales )
Basic 150000
Ed Cess 3000
SHcess 1500
You have to pay Excise Duty by cash (PLA)
Basic 50000 + 1000 + 500
If Duty Payble (80000+1600+800)
Input Cenvat Bal will be (20000+400+200)
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