on 01-09-2013 4:37 AM
Dear Experts,
Please tell us the procedure to create excise invoice(for home consumption).
For e.g.
We are using pipes(finished goods) in construction of shed(self consume) (capital wip fixed assets). So we want to create excise invoice (reduce material from our stock and want to generate accounting entries (excise applicable but sale tax will not applicable).
Thanks & Regards
Jani Shaik
excise applicable but sale tax will not applicable
Just check with Business whether excise registration is different in this case. To my knowledge, as per excise rules, you can levy duty only if the material moves from one excise registration to a different excise registration. Otherwise, it will be treated as a Captive consumption and duty will not be levied.
G. Lakshmipathi
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