Dear learned professionals
I have a querry for which I would like your suggestions.
"X" is a partnership firms having a warehouse registered under excise. It purchases goods from factory and,
1. Directly sends it to the buyer from factory itself in some cases
2. Brings to its warehouse and then transfer to buyer in other cases.
What would be the procedure for,
1. Billing to customer
2. If the excise to be collected for the price difference.
3. If the returns to be filed then which periodical basis.
Thanking You,
Mohammad Ayub
CAclubindia
