17 April 2011
Dear Experts, I have a question regarding the dealer and that is as below: One Co name is Akash Pvt.ltd, The same co has a own dealer name is also Akash Pvt.ltd. Both are register with central excise like manufacturing and dealer respectively. The goods are moving stock transfer from Manufacturing Unit to dealer unit. The Price is 1000.00 per pcs. Manufacturing unit is paying excise duty 103 i.e 10.3% on 1000.00.Dealer also passing the same duty to customer.But dealer increase the rate 1200.00 instead of 1000.00 and paying local VAT on 1200.00 Now in this situation my question is as below: 1. Is there any problems from Excise officials? 2. Is there any short duty payment?
02 June 2011
dealer invoice should not be more than 1000+103=1103, in case the dealer is adding price then duty on same should be paid by manufacturer through supplimentary invoice.