banner_ad

Inter unit sale of electricity

EXICSE (Legacy) 459 views 1 replies
Dear Experts, What is the legal obligation if we sale electricity to our inter unit or sister concer. Can we do it. Please advice excise and service tax point of view or any other legal obligation. Thanks
Replies (1)

You can sale the inter unit or sister concern company but can do only extra exercise i.e. added the 10% excess value in sale vale and raised the excise duty on excess value.

e.g. the sale vale Rs. 100 and you sale the same of your sister concern company or inter unit then excise duty obligation to be raised

10% of 100 + 10= 110 Sale value and excise duty to be calculated on 110 i.e. @ 12%+ @ 2%+1%=123.60.

Hope you can got. Further there is no provision of service tax only in the case of GTA service tax is applicable.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details