Reg excise bills and credit on purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2015
We are a Private limited company and registered under excise act. Please guide whether we should charge excise on our invoice even if total sales is not cross Rs 1.50 crore.
Also if we dont want to charge excise on first 1.50 crore sale then can we take credit of excise on our purchase input and on machinery purchaased
Also if we dont want to charge excise on first 1.50 crore sale then can we take credit of excise on our purchase input and on machinery purchaased
22 November 2015
You can take the ssi exemption or not as you wish. You can take the cenvat credit and pay the duty on final products.
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