Revised schedule six
This query is : Resolved
Anant Bawkar
(Querist)
23 March 2013
Resp sir,
whether vat plus excise amount should be included in Gross sale as per revised schedule six, because no specifically mention ed it in Revised schedule six
whether vat plus excise amount should be included in Gross sale as per revised schedule six, because no specifically mention ed it in Revised schedule six
CA Parul Saxena
(Expert)
23 March 2013
No Vat amount is not included in Gross Sale....only Excise amount is included and that too is shown by way of deduction from gross sale as follows:-
gross Sale.............................xxxx
(-)Excise Duty........................xxxxx
net sale
and in the guidance not on Revised Schedule VI by ICAI this procedure is clearly mentioned.You can have a look on it.
gross Sale.............................xxxx
(-)Excise Duty........................xxxxx
net sale
and in the guidance not on Revised Schedule VI by ICAI this procedure is clearly mentioned.You can have a look on it.
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
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- 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
- Goods sold but invoice not issued
- 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
