Dear Sir,
My customer 'A' is having a manufacturing unit of Electrical L T Control PAnels. 'A' is under central Excise. 'A' s one of his customer 'B' issuing some Items to use as a input material for manufacturing panel. B is issues material in CE invoice ie 0 value invoice.
How to account this transaction ?
How to bill ?
is A need to take CENVAT Credit ? IF yes , How to account it? and How to reverese the same while billing to B?
What is the PRocedure for this?
And in ER - 3 Where we have to show this type of transactions?
Kindly help us by suggesting,
Thanking you
REgards
Thipperudra
CAclubindia
