Excise invoice

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Jahabar Sadique

Director

41 Points Posted on 24 June 2012

Hi. My question is as follows: I am a first stage dealer and I have purchased 100mt of an excisable goods from a manufacturer by paying excise duty. I have also bought another 100mt of the same material from another local dealer by only paying VAT. I am now selling both the materials to the same manufaturer buyer (200mt of the material) Can I raise a single invoice for 200 mt with vat for 200 mt and pass on the excise duty only for the 100 mt? Thanks in advance.

Replies (8)

CA.Ganesh

Practicing Chartered Accountant

308 Points Posted on 25 June 2012

No, you have to charge VAT on 200mt if sale is within the state.

Aiyan

Accountant

53 Points Posted on 25 June 2012

You can pass on the Excise duty only when you have the corresponding Excise Purchase Invoice. It is as simple as that

Ajay Raghatate

Sr Executive (Excise & Accounts)

736 Points Posted on 25 June 2012

You are registered I st Stage dealer. then you have to issue Excise Invoice for 100 MT (Exciseble Goods) to pass on the Excise Duty. and 2 seprate commercial Invoices for 100 MT Excisable & 100 MT non excisable.

Thanks

Jahabar Sadique

Director

41 Points Posted on 25 June 2012

Thanks Ajay. My question is can I not raise a single invoice?

200 mt * price = X

200mt *VAT = Y

100mt excise = Z

Total Invoice Value = X + Y + Z

Can I do this?

Ajay Raghatate

Sr Executive (Excise & Accounts)

736 Points Posted on 25 June 2012

You may Issue excise Invoice for only Excisable material.i.e 100 MT. if buyer is excise registered Dealer. otherwise you can raise commercial Invoice for 200 MT.

Laxmikant Sharma

Accountant

24 Points Posted on 23 July 2012

Dear Sir

Hi. My question is as follows: I am a manufacturer i am produce 100mt excisable goods .I have also bought another 100mt of the same material from First Stage dealer by paying excise . I am now selling both the materials to the same to first stage dealer (200mt of the material) Can I raise a single invoice for 200 mt and pass on the excise duty

Ajit kumar Dubey

Taxation Manager

637 Points Posted on 23 July 2012

It is advisable to make two separate invoices one for the trading and another for manufactured product. Even if you make a single invoice you can show the duty component separately at the bottom of the invoice and pass on the credit.

Laxmikant Sharma

Accountant

24 Points Posted on 23 July 2012

Dear Sir/Madam

What is ECC No Possible of Manufacture depo If PLANT ECC NO-AAACS0764LXM008

We have some problme is we purchase material from siemens ltd they maintaion ECCNO-AAACS0764LXD001 Top of invoice and they give manufacture and importer details back side of invoice where maintaion ECC NO-AAACS0764LXD008 So. which code we have consider for Purchase form Dealer or purchase from Manufacture Depot or ony for Manufacture

Please reply

Laxmikant sharma

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