Hello All,
We are traders, we purchase material say 400 kgs from ABC (in which excise amount was Rs. 5000/-) and sold 200 kgs to XYZ, but while preparing sales invoice we pass on whole excise amount i.e. Rs. 5000/- instead of Rs. 2500/- . We got payment from the party.
How can I adjust this excise amount while selling remaining 200 kgs?
Please help me to solve this query at the earliest.
Thanks in advance
Smruti