excise duty receivable is current asset and does not
include in purchase value ?

Answer Posted / thanuja

Yes, excise duty receivable (ie., which is billed by a
vendor in our purchae bills) is a current asset. It is not
included in purchae value.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to show reject material in ER1

1248


What is c.s.t slab on furniture & fixture ?

1765


Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?

1394


what is D-1, D-2, Vat-C4,

2121


how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..

1543






kindly advise me any set off in excise duty in maharashtra

1236


What is the %age of T.A.,D.A.,H.R.A.,BASIC

3834


please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You

1784


agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai

1223


How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,

2767


We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.

1664


we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?

1450


Does the tax liability of an individual get affected due to his residential status? If yes, explain.

621


if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

2516


when charges PURCHASE @ 12 % TAX RATE ?

1450