Excise on tools
This query is : Resolved
16 December 2012
We r a manufacturer of steel furniture. we are selling steel furniture to our customer with charging excise and VAT. we are also selling Tools as per the customer's requirement. but we are not manufacturing it in our premises. we r purchasing such tools from non-excisable suppliers / manufacturer and selling it to the customer without charging excise duty. we r raising trade invoices for such transactions. is it right? pls guide to make trading transaction for excisable units. what documentation should we keep as per the excise rules? Pls. suggest. Thanks
16 December 2012
yes you are right. Trading and manufacturing activity, both should be separate and accounting should be separate.
Message likes :
1 times
17 December 2012
Dear Arun sir,
do we need to take permission from Excise department for trading sales?
thanks
do we need to take permission from Excise department for trading sales?
thanks
17 December 2012
No need to take permission for trading activity.
Message likes :
1 times
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
