What is the purpose of Incoming and Outgoing Excise Invoice Doc and RG23's

[Former Member]

Hi Experts,

Let me explain my scenario, My client is in Liquor Industry. As per law, we cannot claim the Purchase taxes for Capital goods. Its 100% Non-Deductible. so it added in COGS.

like this,

all the the cenvat tax are also not claimable. no cenvat credit for this liquor industry.

so only, i prefer to avoid the incoming and outgoing excise document. is it right ? and so how can i avoid that docs?

anyone can plz reply to my query.

thanks and regards,

Dwarakanath.

[former_member206437]

Hi

Where the same case like you for Few Traders, where they can't claim their CENVAT which will be included in Item Cost.

So same way You create the Tax Codes of BED,CENVAT with the Tax category of "Other" so you can skip the Excise related Transactions and at same time it is your Expenses which is not claimable where you can go for Nondeductiable or No what ever....and can include the same to Item Cos or Separate.

Thanks & Regards

Giridharan V

Edited by: Giri dharan on Apr 4, 2011 3:50 PM