prasanth (student) (86 Points)
13 July 2010hi friends
generally manufacturer issues cenvatable invoice to first stage dealer, and 1st stage dealer issues cenvatble invoice to 2nd stage dealer , after that if 3rd stage dealer puchases goods from 2nd stage dealer then 2nd dealer what type of invoice will issues? {i heard that cenvatable invoice stopped after the 2nd stage dealer} please clarify
Himanshu
(Chief Accountant)
(96 Points)
Replied 13 July 2010
Dear Prasanth,
In Excise no stage of 3rd stage dealer only three stage in excise as under mentioned.
1). Manufacturer, 2). First Stage Dealer & 3). Second Stage Dealer.
So yr question is that cenvatable invoice stopped after the 2nd stage dealer is automatically resolved here.
Himanshu Mehta.
CAclubindia
