Is it correct excise duty charge on freight charges.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2012
Dear Sir/Madam
we have recd purchase invoice,in that include
material value 1,00,000/- add Freight 8000/- and then Excise charged @ 5% on 1,08,000/-.
is it correct.
or excise charged on 1,00,000/-
Pls advice me
Thanx & Regds
Ajit Bidwai
we have recd purchase invoice,in that include
material value 1,00,000/- add Freight 8000/- and then Excise charged @ 5% on 1,08,000/-.
is it correct.
or excise charged on 1,00,000/-
Pls advice me
Thanx & Regds
Ajit Bidwai
RAMESH KUMAR VERMA
(Expert)
25 January 2012
Excise duty will be charge on transaction value. You can't charge excise duty on freight.
more information:
https://www.legalserviceindia.com/~legalser/articles/edt.htm
more information:
https://www.legalserviceindia.com/~legalser/articles/edt.htm
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- 18% Rent a cab
- Import of Capital Machine
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- Capital gain on commercial property and investment in residential property
- 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
- ITC not to be taken in accounts & GSTR-3B
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
