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rajeev singh

Sales

21 Points Posted on 27 January 2017

Y imports -> sells to X -> sells to Z (all parties registered with excise)

Z wants an invoice something like as follows:

Value of materials: Rs 1000

CVD duties (addnl): Rs 100

Subtotal: Rs 1100

VAT 55

Total payable: Rs 1155

Can X provide such and invoice or will the invoice have to have line of excise duty? Z is insistent about seeing CVD and not excise.

Replies (3)

Suresh Pai S

Tax Consultant

748 Points Posted on 27 January 2017

X cannot provide such an invoice but can adjust CVS while his excise duty is due for payment. X will produce an invoice which shows the excise duty which is collected from Z.

Suresh Pai S

Tax Consultant

748 Points Posted on 27 January 2017

Please read CVS as CVS.

Suresh Pai S

Tax Consultant

748 Points Posted on 27 January 2017

please read CVS as CVD.

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