Untransferred excise duty
This query is : Resolved
10 August 2013
Dear sir,
where to shown untransferred excise duty. in the end of accounting period current liabilties balance shown debit balance please solve anybody my query
Thanking you
where to shown untransferred excise duty. in the end of accounting period current liabilties balance shown debit balance please solve anybody my query
Thanking you
12 August 2013
If you are asking on unutilised duty credits they would be disclosed in the current assets.
the entry for sale is XYZ customer a/c dr to sales 100 cr + ced 12.36 cr,
Once you pay the CED the entry wouldbe 12.36 dr to bank cr 12.36. Account should close out.
the entry for sale is XYZ customer a/c dr to sales 100 cr + ced 12.36 cr,
Once you pay the CED the entry wouldbe 12.36 dr to bank cr 12.36. Account should close out.
Message likes :
1 times
12 August 2013
Dear sir,
ours is the first stage excise delarer accounting (with inventory) for the year ended 31.3.2013. we transfer all excess of vat input credit to vat refundable account but excise duty (closing stock part)i.e untransferred or unutilised input excise duties where to shown or how to accounting
thanking you your valuable immediate response for above query please understand my query sir as per first stage excise dealer it is pending for final accounts
Best Regards
Ramesha.m
ours is the first stage excise delarer accounting (with inventory) for the year ended 31.3.2013. we transfer all excess of vat input credit to vat refundable account but excise duty (closing stock part)i.e untransferred or unutilised input excise duties where to shown or how to accounting
thanking you your valuable immediate response for above query please understand my query sir as per first stage excise dealer it is pending for final accounts
Best Regards
Ramesha.m
12 August 2013
If you are a dealer then the credit is not available to you. Only manufcturers or service providers are eligible for credit.
You are only passing on the credit. Therefore the CED need not be shown separately.
You are only passing on the credit. Therefore the CED need not be shown separately.
14 August 2013
Dear sir,
Excise with cess in which head whether duties & taxes or not please as per first stage dealer accounts
Excise with cess in which head whether duties & taxes or not please as per first stage dealer accounts
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
