Duty

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Prashant V Gavade (Querist)
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09 November 2013 Sir,
we have 2 unit in same excise range , we have to transfer in put material & finished product for production & sale pourpose .

My question is, will we have to prepare excise invoice for both transction in inter branch transfer?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 November 2013 Retail invoices are to be issued in case of interstate sales, interstate branch transfers and exports.

Prashant V Gavade

Prashant V Gavade (Querist)
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09 November 2013 will we have to mentioned Excise & vat also .

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 November 2013 Retail invoice should contain the same details in tax invoice except TIN of purchaser.

A retail invoice may also be in the format for tax invoice. But on the top of the invoice, instead of tax invoice, retail invoice should be printed.

see:

https://www.caclubindia.com/experts/what-is-the-difference-between-tax-invoice-and-retail-invoic-829340.asp#.Un3k8idHhkh

Prashant V Gavade

Prashant V Gavade (Querist)
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09 November 2013 Means we have to take duty in account & receiving has to take credit for the payment of duty