Pass on duty in excise

This query is : Resolved

Share Report Follow Query Ask a Query

nitin

nitin (Querist)
Follow

07 March 2013 explain me concept of pass on excise duty in excise with example

Thanks in advance

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

07 March 2013 https://www.caclubindia.com/experts/complete-accounting-treatment-of-excise-with-entries-349240.asp#.UThwITf7crc

READ:

http://www.tallysolutions.com/website/CHM/TallyERP9/Excise_for_Manufacturers/Creating_Excise_Duty_Opening_Balance_in_Tally.ERP_9.htm

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
Follow

07 March 2013 As per Excise Rules, Excise duty is charged and paid on the manufactured goods by the manufacturer not on trading of the goods by the trader. When a trader or dealer purchase the goods from its manufacturer and pay the appropriate duty on that goods to manufacturer and want to transfer such duty to their buyer on their bill, then that trader or dealer gets registration from excise department as a “first stage dealer” or “second stage dealer”. Thereafter, they can issue an invoice by which, they can pass on (transfer) the duty to its end user or purchaser.

Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

cgagroshg cgagroshg

venkanna setty

Jayaram Bramhajosyula

NITHIN GEORGE

DHRUV PATEL

Subscribe Now

Pass on duty in excise

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

CA Final

Accountant

Article Assistant