Solve problem in invoicing ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2013
In present budget 2013 MRP based valuation for pharma - Ayurvedic product is applied with 35% abatement. For eg MRP Rs.100/- now valuation is Rs.100-35= 65/- per pack for excise clearance. In above case manufacturer " A" mfg at full rate by SSI unit at Rs.10/- (with MRP Rs.100/-) and same is given to "B" at Rs.10/-by manufacture "A", who sold at Rs.100/- by "B". Now at what rate "A" continue to invoice at Rs.10/- or Rs.65/- to "B" w.e.f 1.3.2013. or at what excise invoice is to be prepared at Rs.65/- or Rs.10/- Pls advice. Qerry : In Above case at what rate commercial Invoice is to be prepared and at What rate Excise invoice to be prepared ?
Suhas ca.suhas.t@gmail.com
Suhas ca.suhas.t@gmail.com
23 March 2013
Excise invoice will be raised at the price goods are sold and the ED leviable. In above case goods are sold to 'B' at Rs 10 and ED will be at 65 Rs @ 12.36% therefore ED will be 8 Rs approx. Excise Invoice will be of 10 + 8. In case there is any doubt send me a detailed mail of your query.
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
- Supply through E-commerce Operators
- Sales amount in Gstr1
- TDS Claim year
- TDS Challan Code
- Relief u/s Section 89
- Rent lease agreement
- Merchant Export Accounting
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Taxation on LTCG for property sold after 24JUL2024
- 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
