selling capital goods

[Former Member]

HI,

Selling of Capital goods.Please tell me how I sell capital goods. For Example we bought a Machine Rs 1000. we taken modvat at that time @16 of 1000.Now we are selling machine Rs 500 but we pass excise duty same as we taken modvat. Please tell me how I create invoice.and sell the goods

Regards,

Shradha.

[Former Member]

Hi

If this is asset, i think you can try with 'Retirement with revenue' option.

regards

Laxmiprasad

[Former Member]

Hi,

Kindly let me know the tcode for that and how will we show the effect of excise in that.

Regards,

Shradha.

[Former Member]

Hi

Try T.code : F-92

Regards

Laxmiprasad

[Former Member]

Hi,

Using t code F-92 how will we show the excise effect.