What is the Billing Procedure of Input Removal as such, (if the goods purchase from out side state; and its sale in state)
what we are calculate basic rate including CST and chargesd local vat in bill and also mention profit.
Purchase from ABC Co Ltd. MH, 500Mt. Scrap @ 21600/- its CST Rs. 5000/-
Sales to DBM Co. Ltd. CG, 500Mt. @ 21660/- Basic 21600/-+10/-(CST)+50/-(Profit).
Dear Sir,
For excise point of view, you have to reverse the cenvat credit taken in proportionate to reversed qty.
Regards
HS Negi
K R Kiran Kumar & Associates
Bengaluru
CA Inter
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Rohit KC Jain & Co
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
