We are into Manufacturing of Food Products and we pay Excise Duty on MRP Value as per section 4A of the central Excise Act after the available abatement and pay Central Excise Duty on the Assessable Value arrived thereon on the "Excise Invoice".
However, we also raise a "Tax Invoice" as per the Sales tax Act. The Value for the Sales tax Act would be the sale Value on which the Sales Tax is arrived and paid.
On these lines, the MRP value and Sale Value are different and Invoices bears different values.
Please suggest as to how to go about with this problem as we are unable to explain the tax department personnel on this variation.
CAclubindia
