Suppose a Excise Dealer "A" puchases certain goods from a Manufacturer "B".
Value of Goods Rs.30000
Excise Duty & Cesses Rs.3708
VAT @ 5% Rs.1685
Total Rs.35393
This dealer sells this goods to his customer "C" under Excise Invoice.
C on receiving the goods complaints to A that it is of Inferior quality and he will deduct Rs. 1500 from total billed amount and pay rest amount.
For this C has to issue Debit Note of Rs. 1500 to A and A in-turn has to issue Debit Note of Rs. 1500 to B while complaining for inferior goods.
How will A the excise dealer make entry for debit note and credit note in his books of accounts?
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