Excise calculation on mrp products
This query is : Open
14 October 2014
Dear All,
I require clarity on this transaction as to what rate should be considered for excise,
Order Date 25-jan-2014,MRP on order date - 250
Invoice date 30-jan-2014, MRP on invoice date - 300
On what price should the excise be calculated 250 or 300.
(MRP product, 30% abatement)
Thank you.
I require clarity on this transaction as to what rate should be considered for excise,
Order Date 25-jan-2014,MRP on order date - 250
Invoice date 30-jan-2014, MRP on invoice date - 300
On what price should the excise be calculated 250 or 300.
(MRP product, 30% abatement)
Thank you.
15 October 2014
Assuming you are supplying from a manufacturing unit, it is Rs.300/- minus abatement on which you have to charge duty.
Message likes :
1 times
16 October 2014
Ya we are supplying from manufacturing unit,
Thank You
Thank You
16 October 2014
Sir what if the price in the invoice is 250 (material sold for price as on order date), even in that case should the excise duty be on 250 or 300.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- NR GST NUMBER
- For REQUIRE INDIVIDUAL GST
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
