19 July 2011
I want to ask that in a bill of purchase of material excise duty wrongly calculated. Actual excise duty was 5% but charged 4%.Should i recorded excise duty at 4% or 5%.if 5% can i changed that on bill also.
19 July 2011
Cenvat credit can be availed only on 4% of duty charged.Difference in rate can be corrected through issue of Supplementary bill/debit note.It will not be proper to avail full credit sue motto.
CAclubindia
