Jitendra Nayak (Accountant) (30 Points)
05 July 2012Dear Experts,
Please solve my one query. The query is on the dividation of excise duty(CENVAT Cerdit) in Ed and HEd, if excise duty has not been devided on purchase invoice. How can I devide wether by back calculation or any other manner
Kindly solve it urgently...Please....
Anandan
(HOD accounts)
(502 Points)
Replied 05 July 2012
@ Jitendra, is it a local purchase or an import purchase. B'coz after the latest budget Ed.Cess and HSEC is not levied on CVD. If its a local purchase from an manufacturer, then it would be advisable to get the invoice rectified. If the modvat is passed by an dealer then check at the bottom of the modvat copy whether he has paid ed.cess and HSEC on his purchase. If he has paid, then only can he pass on the same to you.
Regards
Anandan.s
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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