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We are non excise registration Manufacturer want export to
dubai & material received from excise registration
manufacturer they are mention excise duty on my bill but we
are not getting modvat because of non registration then
what we will do that they are not liable to me excise duty
on bill
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Answer / akash
this bill generate as per tax invoice, and excise duty only
calculated and not added in the invoice bill. this
transaction called as LUT (letter of undertaking)
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3 Answers ABC, Infoline, spykar, SVS,
Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.
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