Amit Gupta (Loosening Myself) (1508 Points)
29 August 2011
Whether excise duty is reversable on the cash discount given to the buyer once the sale has been made and credit already adjusted..
Please support ur answer with legal provisions.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 29 August 2011
no
once assessable value is put on invoice, no discount is allowed after it.
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