Dear All,
pls explaint the following transaction accounting
1.i want to made a thrid party sale. A, B & C-All are the people
A-in maharashtra
B- in maharashtra- for 1st case. & out of maharashtra for 2nd case.
C-out of maharashtra
Cases
1.) A purchase a goods from B & sale it to C. in this case what is the excise effect & CST or Vat
2.)A Purchase a goods from B & sale it to C. in this case what is the excise effect & CST or Vat
Excise is a duty levied based on manufacture.....and not on sale.......so independent of sale purpose(mostly....not going to the exceptions of related parties and all here.,...)a good will be charged excise duty at the point of clearance from factory and in both cases here to is chargeable...
And CST is charged only on inter state sale.......
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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