If we are giving cummalative discount on Invoice to our customer then what would be treatment of excise duty.
Is excise duty ti be reversed on that discount portion or the excise duty has to be calculated only after giving discount in Original Price.
Thanks and regards,
Duty will be payable at the time of removal of goods after discounted price on transaction value.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CCI
Pro
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