Mantain excise in books of accounts

This query is : Resolved

Guest

Guest (Querist)

12 August 2014 i have two compaines of one is excise dealer which purchase of material for b company which also under excise but as manufacturing unit

nw question is my company which is excise dealer purchase matierial to another company which is under excise as manufacturing unit

excise dealer company passes the duty to the company which under excise

is it necessary to show in the books of accounts of dealer excise dealer of excise duty which it passes to another company or can is pass the entry with amount of excise in cost and dont want to show the excise amount (escise ledjer in books ) can i do it

Arun Kumar Singh

Arun Kumar Singh (Expert)
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14 August 2014 Yes if you have issue the cenvatable invoice then duty will be separate and details of supplier of goods will be mention in the dealer invoice.