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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
