Excise on dealer

Ram (Consultant) (24 Points)

25 May 2010  

 

Hi all,

I have query on dealer transaction

 I am purchasing a material from a manufacturer and same is sold to a manufacturer,

Qty          10

Unit price               100

Unit amount          1000

BED (10%)            100

Ecess (2%)           20

Shecess (1%)       1

Total amount        121

Should I load the entire excise amount of 121 on inventory or just Ecess and SHEcess alone?

Secondly while preparing sales invoice should I transfer all three components or just BED alone.

 

Regards,
Ram