I am A trader/Dealer of Electrical Goods(Excisable & VATable) in Delhi. I buy Goods directly from XYZ Ltd. whose Manufacturing facility is in state of rajasthan. They first transfer Goods to their Delhi Godown and then bill me On DVAT i.e. Excise is hidden in quoted price. It will increase cost of stock held on 30.06.2017. Whether I (Trader ) will get the Credit of Excise Duty paid on Opening stock on 1st July ? If yes , how much ? what are the compliance requirements to get the Credit of Excise Duty?
CAclubindia
