Excise invoice preparation
This query is : Resolved
25 June 2012
I am a first stage dealer and I have purchased 100mt of an excisable goods from a manufacturer by paying excise duty.
I have also bought another 100mt of the same material from another local dealer by only paying VAT.
I am now selling both the materials to a manufaturer buyer (200mt of the material).
Can I raise a single invoice for 200 mt with vat for 200 mt and pass on the excise duty only for the 100 mt?
Thanks in advance.
I have also bought another 100mt of the same material from another local dealer by only paying VAT.
I am now selling both the materials to a manufaturer buyer (200mt of the material).
Can I raise a single invoice for 200 mt with vat for 200 mt and pass on the excise duty only for the 100 mt?
Thanks in advance.
10 July 2012
You are advised to prepare seperate invocies for excisable and non excisbale purchase you can not prepare a single invocie
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