Durga prasad Ambati (Taxation, Pursuing CA) (737 Points)
12 May 2011
Dear Members.
We are Excise Dealers, We are pass on the Excise duty to our customers. The Basic Price is Inclusive of Excise duty. Extra Vat / CST Will levied on Baic Value.
"We are shown Seperately Exciseduty in Dealer Invioce"
My query is
Can We charge VAT/CST on Excise duty shown in seperately in Invoice...?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 May 2011
dealer excise invoice is only for excise duty pass on , you have to charge vat/cst on your tax invoice meant for vat purpose.
in dealer invoice, you have to show the tax invoice value( prior to vat/cst) in value, however there is no bar to issue invoice at cost price also but only in excise invoice.
Durga prasad Ambati
(Taxation, Pursuing CA)
(737 Points)
Replied 12 May 2011
Did you mean VAT /CST need not levy Excise duty seperatly shown in Invoice...?
We are issued to our customer only Delivery challan and Tax Invioce (Dealer Invioce). No other Invioce for VAT/ CST.
We are Receive Money from our customer only based on Dealer Invioce.
We are compulsory to issue Sepearte Tax Invioce for Vat/ CST.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 May 2011
Tax invoice is for VAT /CST rules and it does not have any direct nexus with excise rules
Excise dealer invoice is pass on document of duty only , which contain , point of manufacure, clearence from manufacture and their reference / 1st stage dealer ref ( in case of 2nd stage deealer) and goods sold to buyer with per unit duty and edu cess paid/ total duty + cess paid, with reference to 23D register.
Subrahmanyam
(senior manager)
(21 Points)
Replied 22 July 2011
Can anybody help me for format of Excise Dealer Invoice; and also method of preperation of the invoice
Subrahmanyam
my email id: svedantham_mithra @ yahoo.com
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