in income statement
sales
less
excise duty ( which excise duty ?)
is it we charges while sales or net excise payable (after taking input credit )?
1 Replies
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 18 December 2013
The Excise Duty which is charged from customer.I.e. Gross Excise duty.
Rerence can also be made to Guidance note on Excise Duty
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