Skip to main content

Posts

Showing posts with the label Trading

Excise Duty in Microsoft dynamics

Excise Duty Ć  Components of Excise ā€“  a) Excise, b) Primary Education Cess (PCess), c) Secondary & Higher Secondary Education Cess (SHECess) Ć  A registered Excise manufacturer\producer gets a 15 digit alphanumeric ECC no. which is PAN based. There is an excise tariff code maintained for different purchase \ sale items with their specific rates.Tax Credit is available on all Excise duty, Pcess and SHECess. Ć  Legal & Statutory Compliance ā€“ Separate registers are to be maintained which are subject to auditā€“ 1) Manufacturing ā€“ RG23A (Raw materials \Consumables\ Packing Material) RG23C (Capital Goods \ Tools \ Spares) RG1 ā€“ Daily Stock Register (Finished Goods produced) 2) Trading ā€“ RG23D (Purchase, Sales) 3)      Sub Contract ā€“ 57F4