OWN DEALER
This query is : Resolved
17 April 2011
Dear Experts,
I have a question regarding the dealer and that is as below:
One Co name is Akash Pvt.ltd, The same co has a own dealer name is also Akash Pvt.ltd. Both are register with central excise like manufacturing and dealer respectively.
The goods are moving stock transfer from Manufacturing Unit to dealer unit. The Price is 1000.00 per pcs. Manufacturing unit is paying excise duty 103 i.e 10.3% on 1000.00.Dealer also passing the same duty to customer.But dealer increase the rate 1200.00 instead of 1000.00 and paying local VAT on 1200.00
Now in this situation my question is as below:
1. Is there any problems from Excise officials?
2. Is there any short duty payment?
Kindly let me know
Thanks and regards,
R
I have a question regarding the dealer and that is as below:
One Co name is Akash Pvt.ltd, The same co has a own dealer name is also Akash Pvt.ltd. Both are register with central excise like manufacturing and dealer respectively.
The goods are moving stock transfer from Manufacturing Unit to dealer unit. The Price is 1000.00 per pcs. Manufacturing unit is paying excise duty 103 i.e 10.3% on 1000.00.Dealer also passing the same duty to customer.But dealer increase the rate 1200.00 instead of 1000.00 and paying local VAT on 1200.00
Now in this situation my question is as below:
1. Is there any problems from Excise officials?
2. Is there any short duty payment?
Kindly let me know
Thanks and regards,
R
02 June 2011
dealer invoice should not be more than 1000+103=1103, in case the dealer is adding price then duty on same should be paid by manufacturer through supplimentary invoice.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
- Query for dubts
Trending Online Classes
CAclubindia
