Excise invoice preparation
This query is : Resolved
Jahabar Sadique
(Querist)
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.
NILESHKUMAR
(Expert)
10 July 2012
You are advised to prepare seperate invocies for excisable and non excisbale purchase you can not prepare a single invocie
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Foriegn assets disclosure
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
