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
Krea University
Chennai
CA
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
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RMA And Associates LLP
New Delhi
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CCI
Pro
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