Excise for Dealers

8/12/2019 Excise for Dealers

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Lesson 20: Excise for Dealers

Lesson Objectives

On completion of this lesson, you will be able to understand

Basic terms related to Excise

Enable Dealer Excise in Tally.ERP 9

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Excise for Dealers

reate !asters and "ed#ers related to Excise

$ow to Record Excise transactions for dealers

%enerate Excise &n'oice as per Rule ((

%enerate and Print Excise related )tatutory Reports

Excise duty or Duty of Excise is a tax on #oods produced or manufactured in &ndia andintended for consumption in &ndia. The Excise duty is le'ied at the time of production or

manufacturin# but for con'enience is collected at the time of remo'al.&t is an indirect tax on the manufacturer or producer which is passed on to the ultimateconsumer. The le'y and collection of duty of Excise is pro'ided under the authority of theentral Excise *ct,(9++, at the rates specified under the entral Excise Tariff *ct, (9-. The duty iscommonly referred to as the Basic Excise Duty. ertain items lie fibre, yarn and so onalso attract *dditional Excise Duty under the *dditional Duties of Excise /Textiles andTextile *rticles0 *ct, (91-.

20.1 Basic concepts

The followin# are some of the basic terms related to

Excise.

ExcisableGoods

Excisable #oods are #oods specified in the schedule under the entral Excise Tariff *ct,(9- as bein# sub2ect to a duty of excise.

The basic conditions to be satisfied are asfollows3

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The #oods mustbe3

a.!o'able.

b. !aretable3 The actual sale of #oods in the maret is not necessary as excise duty ischar#e able on manufacture and not on sale.

c. )pecified in the entral Excise Tariff*ct.

Dealer of ExcisableGoods

* dealer of excisable #oods is a person who is re#istered under the entral

Excise Rules. *ny of the followin# cate#ories can be applicable to a re#istered

dealer3

(. Depot of a manufacturer or the premises of the consi#nment a#ent of themanufacturer or any other premises from where the #oods are sold on behalf of themanufacturer.

4. 5irst sta#e dealer of excisable#oods.

6. )econd sta#e dealer of excisable

#oods.+. Depot of an importer or the premises of the consi#nment a#ent of theimporter.

-. 5irst sta#e dealer of imported#oods.

7. )econd sta#e dealer of imported#oods.

First StaeDealer

* 5irst )ta#e Dealer is a person who purchases the #oods directlyfrom3

i. The manufacturer re#istered under the pro'isions of entral Excise Rules, 4884, orrepresent ati'e of such manufacturer, under co'er of an in'oice.

ii. *n importer or from the representati'e of such importer, under the co'er of anin'oice.

Second StaeDealer

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* )econd )ta#e Dealer is a person who purchases the #oods from a first sta#edealer.

!eistration ofDealers

E'ery Dealer or &mporter issuin# en'atable &n'oices should be re#istered with the2urisdictional Ran#e )uperintendent as per the procedure prescribed in Rule 9 of theentral Excise /:o. 40 Rules 488(. The re#istration is 'alid only for the premises forwhich it is #ranted. &n cases where the manufacturer or dealer, has more than onepremise, it is necessary to obtain a separate re#is tration for each premise.

The re#istration numbers are P*: based (- di#it alpha numeric. The first part denotes(8 character /alpha numeric0 Permanent *ccount :umber issued by &ncome taxauthorities and the second part comprises of a fixed 4 character alpha code which is asfollows3

S."o. #ateor$ #od

(. entral Excise !anufacturers ;!

4. Re#istered Dealers ;D

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Excise for Dealers

This is followed by three character numeric codes < 88(, 884, 886, which denotes the number ofpremises re#istered by the manufacturer or the dealer.

#E"%&' #redit

* manufacturer or producer of final products is allowed to tae tax credit nown as E:=*Tcredit on the followin# payments3

i. Duty of excise specified in the 5irst and )econd )chedule to the Excise Tariff *ct /ED0.

ii. *dditional duty of Excise le'iable under *dditional Duties of Excise /Textile and Textile*rticles0 /*ED >T and T*?0.

iii. *dditional duty of Excise le'iable under *dditional Duties of Excise /%oods of )pecial &mpor

tance0 /*ED >%)&?0.i'. The :ational alamity ontin#ent duty /:D0 le'iable under 5inance *ct.

'. Education ess on excisable #oods.

'i. *dditional Duty le'iable under ustoms Tariff *ct.

* manufacturer of excisable #oods can a'ail of E:=*T credit for duty paid on the inputspurchased and utilise the same for the payment of excise on any final product.

20.2 Enablin Dealer Excise in 'all$.E!( )

The Dealer Excise module in Tally.ERP 9, facilitates complete Excise *ccountin# for dealersen#a#ed in the tradin# of excisable #oods and desirin# to issue cen'atable in'oices. &t minimises

the possibility of erroneous data entry and ensures transparency and better le'els of compliancewith the statutes. &t taes a onetime confi#uration in Tally.ERP 9 for Dealer Excise features to beacti'ated.

20.2.1 Salient Feat*res of Dealer Excise

The followin# are the salient features of the excise module3

i. )imple and userfriendly.

ii. Easy to setup and use.

iii. %enerates Excise &n'oice raised by first and second sta#e re#istered dealers to pass on en'at redit.

i'. *llows Batchwise &n'entory details.'. Pro'ides an option to print details of !anufacturer@ )upplier and all other rele'ant particulars

of the correspondin# purchase in'oice.

'i. Tracs the item history of excisable #oods, ri#ht from the instance of purchase till the time ofsale@ passin# @ termination of en'at redit.

'ii.%enerates statutory returns and excise related reports such as 5orm && and )toc Re#ister.

'iii.Pro'ides the flexibility to ad2ust unassi#ned en'at redit well within the prescribed lapseperiod.!onnet &spat A Ener#y "td.

ix. 5acilitates 'arious Excise duty parameters lie BED, *ED /%)&0, )ED, :D, *ED /T

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Excise for Dealers

Excise for Dealers

and T*0, *ED /T and T0 and Education ess.

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Excise for Dealers

20.+ Enablin Dealer Excise in 'all$.E!( )

&t taes a onetime confi#uration in Tally.ERP 9 for Excise features to be acti'ated.

5ollow the steps #i'en below to enable Excise in Tally.ERP 9 for a new company,onnet -spat Ener$ Ltd.

reate ompany

Enable Excise

Enable =*T

Monnet Ispat & Energy Ltd., is dealing in Iron & Steel products such as Hot & ColdRolled

Coils,Sheets etc.20.+.1 #o/pan$ Set*p

%o to Gatea$ of 'all$ &lt F+: #o/pan$ -nfo. #reate #o/pan$

&n the #o/pan$ #reation screen,

)pecify ,onnet -spat Ener$ Ltd. as the #o/pan$ "a/e and &ddressdetails

)elect -ndia in the Stat*tor$ #o/pliance for field

)pecify the State3 (in code &cco*nts it4 -nventor$ details

)pecify Financial 5ear Fro/ Boo6s beinnin fro/ date as 1787200)

The completed #o/pan$ #reation screen is displayed as shown below 3

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Excise for Dealers

Figure 20.1 Company

Creation screen Press5 or Enter to accept the screen.

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Excise for Dealers

Set*p:

%o to Gatea$ of 'all$ of !onnet &spat A Ener#y "td. and press F11: Feat*res9Stat*tor$ 'axation Feat*res.

)et Enable Dealer ; Excise to5es

)et Set


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Excise for Dealers

Figure 20.3 !cise "egistration #etails $creen

(. !eistration '$pe3 )elect Dealer from Re#istration Types list

4. &ddress3 'elep4one "o and (-" #ode3 *ddress, Telephone :o. and P&: odedetails are captured from the company creation screen. &f reCuired, it can be altered.

6. Excise Details3 nder this section pro'ide Excise Details of the unit. Excise Detailswill be specific to the Re#istration Type selected.

Registration Type selected will be displayed below the heading -Excise

Details to identify the unit as a manufacturer or a dealer.

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Excise for Dealers

+. =nit ,ailin "a/e3 The ,ailin "a/e entered in the company creation will bedisplayed as the nit !ailin# :ame. &f reCuired, it can be altered.

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Excise for Dealers

a!e entered in the "nit Mailing a!e will be used in all Excise Reports.

-. Excise !eistration 9E## "o.3 Enter 1> di#its Excise Re#istration :umber /E0 ofthe

ompany@nit, e.#. ,-EB&+201!?D001

7. Date of !eistration3 Enter the date of Excise re#istration, e.#. 0170>72001

1. Ot4er Details3 &n this section enter !ane3 Division and #o//issionerate details

!ane3 Enter the code :ame and *ddress of the ran#e under which your company

is re# istered. #ode3 Enter Ran#e ode as 0@0+A2

"a/e3 Enter Ran#e :ame as5elan6a --

&ddress3 Enter the !ane &ddress

Division3 Enter the code :ame and *ddress of the di'ision under which yourcompany is re#istered.

ode3 Enter Di'ision ode as 0)0+

:ame3 Enter Di'ision :ame as Division --

*ddress3 Enter the Division &ddress

#o//issionerate3 Enter the code :ame and *ddress of the ommissionerateunder which your company is re#istered.

ode3 Enter ommissionerate ode as 0@

:ame3 Enter ommissionerate :ame as Banalore -%

*ddress3 Enter the #o//issionerate &ddress

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Excise for Dealers

Figure 20.4 Complete% !cise "egistration #etails

. Press Enter to accept and sa'e Excise re#istration Details

20.+.2 Enablin %&'

To enable %&' 5eature, for a company

)et the option Enable %al*e &dded 'ax 9%&' to5es.

Enable the option Set


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Excise for Dealers

Figure 20.5 &A'#etails

)pecify the %&' '-" "o.3 -nter7state Sales tax and #o/pan$s (&" < -nco/e ;'ax "o

details.

The completed Stat*tor$ 'axation Feat*res screen appears as shown 3

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Excise for Dealers

Figure 20.6 Company Operations Alterations

Press5 or Enter to accept thescreen.

20.8 #reatin ,asters

20.8.1 %o*c4er '$pe Set*p

reate Excise (*rc4ases and Excise Sales %o*c4er '$pes, to record Excise

transactions with the reCuired specifications.

%o*c4er '$pes'$peof

&bbreviat=sefor

Defa*lt Excise =nit

Excise Purchases Purchas ExPurc es !onnet &spat A Ener#y

Excise )ales )ales Ex)ale es !onnet &spat A Ener#y

i. %o*c4er '$pe #reation C Excise (*rc4ases

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Excise for Dealers

%o to Gatea$ of 'all$ &cco*nts -nfo. %o*c4er '$pes #reate

(. Enter Excise (*rc4ases as "a/e of the =oucher Type.

4. )elect the '$pe of %o*c4er as (*rc4ase from the list of 'oucher types.

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Excise for Dealers

6. Type the &bbr. as Ex7(*rc.

+. )elect the ,et4od of %o*c4er "*/berin as &*to/atic.

-. By default =se #o//on narration is set to5es.

7. )et =se for Excise to5es.

1. &n Defa*lt Excise =nit field select ,onnet -spat Ener$ Ltd. from the List of Excise =nits

The completed Excise 7 (*rc4ase %o*c4er '$pe screen is displayed as shown below3

Figure 20.7 &ouc(er 'ype Creation ) !cise *urc(ases

. Press5 or Enter to accept the screen.

ii. %o*c4er '$pe #reation C Excise Sales

%o to Gatea$ of 'all$ &cco*nts -nfo. %o*c4er '$pes #reate

(. Enter Excise Sales as "a/e of the =oucher Type.

4. )elect the '$pe of %o*c4er as sale from the list of 'oucher types.6. Type the &bbr. as Ex7Sale.

+. )elect the ,et4od of %o*c4er "*/berin as &*to/atic.

-. By default =se #o//on narration is set to5es.

7. )et =se for Excise to5es.

1. &n Defa*lt Excise =nit field select ,onnet -spat Ener$ Ltd. from the List of Excise =nits

. )et (rint after savin %o*c4er to5es.

9. Type the Defa*lt (rint 'itle as -nvoice.

(8.-s 'ax -nvoice35es.

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Excise for Dealers

((.Type the Declaration, if any.

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Excise for Dealers

The completed Excise Sales %o*c4er '$pe screen is displayed as shown below3

Figure 20.8 &ouc(er 'ype Creation ) !cise $ales

(4.Press5 or Enter to accept the screen.

20.8.2 #reatin Leders

reate Purchases, )ales and Party led#ers with the reCuired Excise options.

i. #reate (art$ Leder

Leder =nder ,aintainbalances

ExciseDetails

Bhar#a'an )teels )undry E E

Step 1:

%o to Gatea$ of 'all$ &cco*nts -nfo. Leders #reate

(. Enter the "a/e of the )upplier in the "a/e field. E.#. B4aravan Steels.

4. )elect S*ndr$ #reditors as the #roup name in the =nder field.

6. )et ,aintain Balances Bill b$ Bill to5es and enter the Defa*lt #redit (eriod if any.

+. )et -nventor$ %al*es are affected to "o

-. &n the ,ailin Details and 'ax -nfor/ation section enter the supplier contact details, &ncomeTax and the )ales Tax numbers.

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Excise for Dealers

7. Enable Set


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Excise for Dealers

1. &n the %&' Details screenF

)elect the !eistered Dealer as '$pe of Dealer from the Type of =*T Dealer list.

Enter the '-"


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Excise for Dealers

Figure 20.9 +e%ger Creation ) ,(arga-an $teels

9. &n the Excise Details screen,

Enter the Excise !eistration "*/ber of the supplier. E.#. &FSDS00>F?D00)

Enter the Date of Excise !eistration in Date of !eistration field. E.#. 1>7*n72002

Enter the !ane under which the supplierGs company is re#istered. E.#.5es4ant4p*r -

Enter the Division under which the supplierGs company is re#istered. E.#. Division --

Enter the #o//issionerate under which the premise of the )upplierGs company is re#is

tered. E.#. Banalore ---

)elect the Defa*lt "at*re of (*rc4ase as ,an*fact*rer from :ature of Purchase list

The default type of purchases depends upon the status of the supplier,

whether he is a Manufacturer / First Stage Dealer / Importer / Second Stage

Dealer/ gent of Manufacturer/!urchase from Importer.

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Excise for Dealers

The completed Excise Details screen appears as shown below 3

Figure 20.10 !cise #etails screen

Press #trl& to accept the Excise Details screen.

*ccept the led#er creation screen.

)imilarly create a led#er < a$6ant4 Enineerin under S*ndr$ Debtors with the necessary

Excise details and the default nature of purchase as a Second Stae Dealer.

Tally."#! $ allows you to modify the ature o# purchaseduring a %oucher entry, if re&uired.

ii. #reate Sales Leder

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Excise for Dealers

%o to Gatea$ of 'all$ &cco*nts -nfo. Leders #reate

Leder =nder -nventor$ val*es

are

=sedin %&'!et*r

%&'


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Excise for Dealers

Ensure that the completed Sales ; Excisable Goods led#er appears as shown below3

Figure 20.11 +e%ger Creation ) $ales !cisa/le oo%s

Press5 or Enter to accept the led#er creation screen.

iii. (*rc4ase Leder

Leder =nder -nventor$val*es are

=sed in%&'

%&'


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Excise for Dealers

20.8.+ #reatin Stoc6 -te/s

&n order to enter the transactions for Purchase and )ales, create the )toc items with the unit ofmeasure. This will enable you to raise the &tem in'oice and #et the stoc summary with all theitem details.

"a/eStoc

6Gro

=O,

'ariff#las7sificatio

Set


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Excise for Dealers

nit :ame.

!eportin =O,3 By default the unit of !easurement selected under nits will be

consid ered as O! for all the reports.

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Set


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Figure 20.14 #uty

#etails

1. *ccept to sa'e Excise D*t$ Details screen.

. !ate of %&' 9H3 in this field enter the !ate of %&' applicable for the )toc &tem e.#. 8H

The completed Stoc6 -te/ creation screen appears as shown below 3


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Figure 20.15 $toc tem Creation

In cases, where the e'cisable commodity attracts dditional dutiesof"'cise and Special duties of "'cise, these can be acti%ated asre&uired from the screen shown.

9. Press 5 or Enter to accept thescreen.

20.> Enterin 'ransactions*ccordin# to the pro'isions mentioned in the entral Excise Rules, 4884, a )ellin#Dealer is eli#ible to pass #E"%&' #redit to the purchasin# dealer pro'ided they arere#istered. )uch a sale should be made under the co'er of an in'oice issued in terms ofthe pro'isions of entral Excise.

The followin# chart shows the flow of purchase and sales between the !anufacturer,*#ent of !anufacturer, 5irst )ta#e Dealer or )econd )ta#e Dealer and the passin# ofE:=*T redit by the )ellin# Dealer.


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i. (*rc4ases fro/ ,an*fact*rer

Figure 20.16 *urc(ases rom anuacturermporter

ii. (*rc4ase fro/ &ent of ,an*fact*rer

Figure 20.17 *urc(ase rom Agent o anuacturer


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iii. (*rc4ase fro/ -/porter

Figure 20.18 *urc(ase rom

mporter

iv. (*rc4ases fro/ First Stae Dealer

Figure 20.19 *urc(ases rom First

$tage #ealer


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v. (*rc4ases fro/ t4e Second Stae Dealer

Figure 20.20 *urc(ases rom t(e $econ% $tage #ealer

20.>.1 #reatin (*rc4ases

$n the %pril ', (''), Monnet Ispat & Energy Ltd. purchased the #ollo*ing goods#ro! M+s. harga-an Steels Manu#acturer/ -ide .o. S+'.

-te/ Description It$ !a &ssessable

$ot Rolled oils. + - 4,88,888

ExciseD*t$J 1@H

Ed*cation#ess

Sec. Ed*c.#ess

%&' J8H

-nvoice&/o*nt

64,888 7 6 9,6(.+8 4,+4,41.+

Step 1: #reate (*rc4ase -nvoice

%o to Gatea$ of 'all$ &cco*ntin %o*c4ers F): (*rc4ase select Excise (*rc4asefrom the List of '$pes.

Set*p: &n the F12: #onfi*ration set =se #o//on Leder &


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Figure 20.21 F12 Coniguration

(. Press F2 and chan#e the date to 107870).

4. )elect B4aravan Steels in (art$s &


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Figure 20.22 $uppliers #etails screen

-. Press Enter to accept the screen.

7. Press Enter to accept the nature of purchase. The "at*re of p*rc4ase field is by default setto ,an*fact*rer based on the predefinition in the led#er master. ou can modify the samedependin# upon the status of the dealer.

1. )elect ot !olled #oils in the :ame of the &tem field.

. Type the I*antit$ as 800.

9. )pecify the &/o*nt as 2+2)@0 and press Enter.

(8.The Stoc6 -te/ Excise details screen is displayed.

)pecify 1 in the R% 46 Entry :o. field

*ccept the )upplier &n'oice :o. as BS


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Figure 20.23 !cise #etails or ot "olle% coils

The Excise D*t$3 Ed*cation #ess and Secondar$ Ed*cation #ess amounts are auto

matically calculated on the basis of the confi#uration in the stoc item master.

(owe%er, in some cases though the e'cise duty is chargeable at a specifiedrate, the net burden on the buyer may be less than such percentage. In

such cases Tally."#! $ pro%ides the fle'ibility to modify the amount of ta'.

Press5 or Enter to accept the screen.

((.&n the &cco*ntin Details screen,

)elect (*rc4ases ; Excisable Goods in the particulars column, the %&'< 'ax class is bydefault set to (*rc4ases J 8H.


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Figure 20.24 Accounting #etails screen

Press Enter to accept the &/o*nt.

Press Enter a#ain.

(4.)elect -np*t %&' J 8H led#er and press Enter to automatically display the %&' &/o*nt i.e.!s. )+1.80

(6.)et S4o Stat*tor$ Details to5es to 'iew Stat*tor$ Details of the transaction

The Stat*tor$ Details screen is displayed as shown3


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Figure 20.25 $tatutory #etails $creen

(+.&n the Bill7ise Details screen, specify the '$pe of !ef as "e !ef and type BS


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Figure 20.26 !cise *urc(ase n-oice

(1. Press5 or Enter to accept the Excise Purchase &n'oice.

20.>.2 Excise -nvoicin

Tally.ERP 9 allows you to #enerate and print #envat -nvoices in the prescribed format besides a:onen'atable &n'oice. The followin# mandatory stipulations on the preparation of en'at&n'oices are met by Tally.ERP 93

(. :ame, *ddress and entral Excise Re#istration number of the re#istered location issuin# thein'oice, name of the 2urisdictional ran#e @ Di'ision @ ommissionerate and the companyLs&ncome Tax :umber and )ales Tax Re#istration :umber is preprinted on the &n'oice.

4. The mandatory four copies are prepared and each copy is mared as follows3

a. Ori#inal copy mared as Ori#inal for a Buyer.

b. Duplicate mared as Duplicate for Transporter /to be used for a'ailin# en'at credit0.

c. Triplicate mared as Triplicate for entral Excise.

d. Kuadruplicate mared as Kuadruplicate for a Re#istered person.

6. The copies of the in'oices issued by a first sta#e dealer and a second sta#e dealer aremared as 5irst )ta#e Dealer and )econd )ta#e Dealer respecti'ely.


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+. The dealer is reCuired to issue only one in'oice per consi#nment ,if all the paca#es in thecon si#nment are despatched in one lot. $owe'er, in cases where the consi#nment isdespatched in batches either on the same day or different days or loaded on more than one

'ehicle, a sep arate in'oice is made for each lot or consi#nment.-. Each en'at &n'oice issued by the location bears a printed serial number, be#innin# from the

(st of *pril of the year. The startin# serial number as well as formats for recordin# the excisecan be easily intimated to the commissioner, whose 2urisdiction the company falls. *n acnowled#ement of such an intimation can be obtained.

7. Records and &n'oice #enerated throu#h computer are also reco#nised. The serial numberliely to be used in the forthcomin# Cuarter should be intimated to the *ssistant ommisioner.

* re'ised intimation is sent when the serial numbers are exhausted.

20.>.+ #reatin Sales -nvoice

Record the #ollo*ing sales transaction !ade 0y Monnet Ispat & Energy Ltd. on the %pril

1, (''), to 2ay3anth Engineering, angalore.

-te/ Description I*antit !ate %&

$ot Rolled oils 488 !T 788 +I

Set*p:

reate a led#er < O*tp*t %&' J 8H.

Step 1: #reate Excise 7 Sales

%o to Gatea$ of 'all$ &cco*ntin %o*c4ers F: Sales select Excise 7 Sales from the

List of '$pes.

(. Press F2 and chan#e the date to 1>7870)

4. &n !ef field, enter the reference number of the transaction

6. The Excise nit field displays ,onnet -spat Ener$ Ltd. as selected durin# 'oucher typecreation.

+. )elect a$6ant4 Enineerin in (art$s &


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The completed Despatc4 Details Screen appears as shown below3

Figure 20.27 #espatc( #etails

Press Enter to accept the screen.

1. )elect ot !olled #oils in the :ame of the &tem field and press Enter.

. The S*pplier Details screen is displayed.

)elect the rele'ant &n'oice :umber BS


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)pecify the I*antit$ as 200.

Figure 20.28 $upplier #etails


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)elect End of List and press Enter to accept the screen.

9. )pecify the !ate as @00 and Press Enter.

(8.Press Enter twice.

((.&n the &cco*ntin Details screen3

)elect Sales ; Excisable Goods in the (artic*lars column.

The %&'< 'ax class defaults to Sales J 8H.


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Figure 20.30 Accounting #etails

Press Enter to accept the amount.

Press Enter a#ain to return to the main )ales in'oice creation screen.

(4. )elect O*tp*t %&' J 8H led#er and press Enter.

(6. The %&' amount is prefilled automatically.

(+.To 'iew the )tatutory Details set the option S4o Stat*tor$ Details to5es.

(-. &n the Bill7ise Details screen, press Enter to accept the default bill allocations.

(7. Press Enter to accept the screen.

(1. Type the details of the transaction in the "arration field.

The completed Sales -nvoice is displayed as shown below3


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Figure 20.31 !cise ) $ales

(. Press Enter to accept the =oucher and print the )ales &n'oice.

The default sales %oucher type can be used for in%oicing non-e'cisable goods.

(rintin of Sales -nvoice

Step 1:

(. Press (=p ey to 'iew the abo'e sales in'oice and press &lt( /To print0.


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Figure 20.32 &ouc(er

*rinting

4. Press F12: #onfi*re 9-nvoice (rintin #onfi*ration and )et the followin# to5es.

(rint Date and 'i/e

(rint 'rader S*pplier -nfo

(rint (*rc4ase Excise D*t$ details

(rint (*rc4ase &ssessable %al*e

The completed (rintin #onfi*ration screen is displayed as shown below3

Figure 20.33 n-oice *rinting

Coniguration


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6. Press #trl& to accept the )creen.

+. Press Enter from the %o*c4er (rintin screen to print Sales -nvoice under Rule (( of

theentral Excise Rules, 4884

-. Press &ltK or clic on Koo/ b*tton to 'iew an enlar#ed 'ersion of the report.

The print pre'iew of First Stae Dealers Sales -nvoice of Excisable Goods to asecond sta#e dealer is displayed as shown below3


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Figure 20.34 !cise )n-oice

This &n'oice displays the Excise details of the buyer, seller and manufacturer inaccordance with the Excise rules. &t re'eals the &tem history, includin# the details of thepurchases with their


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respecti'e tariff and duties. This ser'es as an e'idence for the passin# of E:=*T reditto the subseCuent dealer@ manufacturer.

&t also specifies the manufacturerLs name, address and Excise details besides recordin#the date and time of the remo'al of #oods from the dealerLs premises. The &n'oice ismared as the 5irst )ta#e Dealer, depictin# the position of the sellin# dealer and has tobe authenticated by the authorised si#natory in the rele'ant space pro'ided in thedocument.

20.@ Excise !eports

Dealers re#istered with the entral Excise are reCuired to maintain a prescribed re#isterwith the proper entries of the consi#nments recei'ed or issued by them.

* dealer re#istered under Excise Rules are reCuired to submit to the Ran#e)uperintendent a Cuarterly return and other documents for 'erification namely, the Stoc6

!eister /earlier referred as R% 46D0 and For/ --.&n Tally.ERP 9, you can #enerate and print all statutory and excise related forms andreport reCuired by a dealer of excisable #oods.

[email protected] Excise Stoc6 !eister

The re#istered dealer issuin# in'oices for cen'atable #oods should maintain a stocaccount as prescribed in the form R% 46D. The details of the consi#nments recei'edunder the co'er of in'oice issued in terms of the pro'isions of entral Excise Rules,4884 should also be recorded. $owe'er, consi#nments without a en'atable &n'oiceneed not be entered.

&n respect of any consi#nment, part of which is sold under enta'able in'oice and theother part under the co'er of noncen'atable in'oice, then the details of sales under noncen'atable in'oices ha'e also to be entered in the prescribed stoc re#ister by main# aconsolidated entry at the end of the day indicatin# such Cuantity and in'oice numbers.

%o to Gatea$ of 'all$ Displa$ Stat*tor$ !eports Excise !eports Dealer ExciseStoc6!eister

)elect ot !olled #oils and press Enter to display the stoc re#ister.

To print the Stoc6 !eister press &lt(

The printed Stoc6 !eister is displayed as shownbelow3


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Figure 20.35 *rint *re-ie o $toc "egister

In case of Sales Returns, the issued &uantity will be reducedby the returned &uantity and the recei%ed &uantity will bereduced in the case of purchase returns.

[email protected] Excise (*rc4ase Bill !eister

Excise Purchase Bill Re#ister is a Purchase bill wise report displayin# the details ofpurchases /Receipts0 and sales /&ssues0 of excisable #oods in a #i'en period. &t preciselyshows Receipts and &ssues of Excisable #oods alon#with the information on the dutyamount passed, duty amount not passed and the balance of duty includin# ess amounta'ailable durin# the specified period.

%o to Gatea$ of 'all$ M Displa$ M Stat*tor$ !eports M Excise !eports M Dealer MExcise(*rc4ase Bill!eister

&n Selected Excise =nitscreen

By default, ,onnet -spat Ener$ Ltd appears in "a/e of Excise=nit field

)elect ot !olled #oils from the List of Excise Stoc6 -te/s and


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press Enter


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Figure 20.36 $elect

!cise :nit

The Excise (*rc4ase Bill !eister of !onnet &spat A Ener#y "td., is as shown.

Figure 20.37 !cise *urc(ase ,ill

"egister *age 1


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)croll to the ri#ht usin# Ri#ht ;arrow button

Figure 20.38 !cise *urc(ase ,ill "egister *age 2

20.A Sales and (*rc4ase Extract

Excise )ales and Purchase Extract report displays the details of purchase and salestransactions of all excisable #oods /Excise &n'oice as well as ommercial &n'oice0.

%o to Gatea$ of 'all$ Displa$ Stat*tor$ !eports Excise !eports Dealer Sales and(*rc4ase Extract

&n the Sales and (*rc4ase Extract printin# screen,

Press Bac6space and in Excise nit field select ,onnet -spat Ener$ Ltd. from the"ist of Trader Excise nit

)pecify the Fro/ date as 1787200) and 'o date as +0787200)

)pecify (lace and Date
mailto:@arrowmailto:@arrowmailto:@arrowmailto:@arrow


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Figure 20.39 $ales an% *urc(ase !tract

*rinting Coniguration

Press Enter to (rint

The printed Sales and (*rc4ase Extract of !onnet &spat A Ener#y "td. is as shown.

Figure 20.40 $ales an% *urc(ase

!tract


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Figure 20.41 $ales an% *urc(ase !tract


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Figure 20.42 " 23#

"egister

20.A.2 I*arterl$ !et*rn 7 For/ --

* first sta#e dealer or a second sta#e dealer is reCuired to submit a return. This has to bedone in the form specified within fifteen days from the close of each Cuarter, to the)uperintendent of entral Excise.

To print I*arterl$ !et*rn 7

For/ --,%o to Gatea$ of 'all$ Displa$ Stat*tor$ !eports Excise !eports Dealer selectFor/ 7 2 and pressEnter.


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Figure 20.43 *rint

Coniguration

&n the For/ 7 2 printin# screen,

Press Bac6space and in Excise nit field select ,onnet -spat Ener$ Ltd. from the"ist of Trader ExciseDnit

)pecify the period of the report from 1787200) to +07@7200).

Type the (lace and Date of report.

Press Enter to print For/ 2.

Press &ltK or clic on Koo/ b*tton to 'iew an enlar#ed 'ersion of the

report. Theprinted For/ 2 for the Cuarter endin# 68th Nune 4889 is displayed as

shown below3

Figure 20.44 *rint *re-ie o


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Form2 *age1


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Figure 20.45 *rint *re-ie o Form2 *age2

20.A.+ &cco*ntin for !et*rns of Goods

&n the normal course of business, customers may return #oods sold to them due todefecti'e Cuality, price differences etc. Debit and redit :otes are used to ad2ust entries

for transactions in'ol'in# the return of excisable #oods.

Sales!et*rns

$n (1454'), 2ay3anth Engineering returned Hot Rolled Coils, the details o# *hichare as gi-en 0elo*6

-te/ Description I*antit !ate %&'

$ot Rolled oils. - !T 7 +

Set*p : &n the F11: Feat*res 9&cco*ntin Feat*res,

)et =se Debit


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Figure 20.46 F11 Company Features

Press #trl& to accept the screen.

reate Excise Sales !et*rns %o*c4er '$pe

reate redit :ote =oucher Type for Excise as discussed in our earlier lessons.

Ensure that the completed Excise 7 Sales !et*rns =oucher Type appears as shown below3


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Figure 20.47 &ouc(er 'ype Creation !cise > $ales "eturns

Step 1: #reate #redit "ote

%o to Gatea$ of 'all$ &cco*ntin %o*c4ers #trlF: #redit "ote select Excise 7 Sales!et*rns from the List of '$pes.

(. Press F2 and chan#e the date to 2>7870).4. )elect Goods Sold !et*rned as the type of %&' &dj*st/ent in the =sed for field and press

Enter.

6. )elect a$6ant4 Enineerin in the (art$s &


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)elect B)@(8( as the S*pplier -nvoice "o. from the List of (*rc4ases.

Type the returned I*antit$ as > in the I*antit$ !et*rn column.


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)elect End of List to accept the screen.

1. Press Enter to accept the !ate and the &/o*nt in the main screen.

. &n the &cco*ntin Details screen, select Sales 7 Excisable Goods in the (artic*lars column.

9. The %&'< 'ax #lass is by default set at Sales J 8H.

In the case of De0it otes+ Credit otes, the accounting and)T ledgers used earlier to account for purchases / salesentries, should be used in a re%erse order. This will re%erse theeffect of the sales/ purchase transaction.

(8.)elect O*tp*t %&' J 8H led#er.

((.The %&' &/o*nt is displayed automatically.

(4.To 'iew the statutory details of the transaction set S4o Stat*tor$ Details to5es

(6. &n the Bill70ise Details screen, select &st !ef as teh type of reference and 1 as theBill "o.

(+.Type the details of the transaction in the "arration field.


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The completed Sales !et*rns entry appears as shownbelow3

Figure 20.50 Accounting &ouc(er ) !cise$ales "eturns

(-. Press 5 or Enter to accept thescreen.

Step 2 : Displa$ Excise Stoc6!eister

&n the Excise )toc Re#ister, the issued Cuantity will be reduced by the Cuantity returned.&n the case of purchase returns, create a Debit %o*c4er '$pe with =se for DealerExcise set to5es and pass an entry as explained abo'e.

%o to Gatea$ of 'all$ Displa$ Stat*tor$ !eports Excise !eports DealerExciseStoc6!eister

)elect ot !olled coils and press Enter.

The Excise Stoc6 !eister after the )ales Returns will appear as shownbelow3


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Figure 20.51 !cise $toc"egister


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(ractice Exercise

(. a$ant4 -nd*stries (vt Ltd., dealin# in cold rolled coils, has a ban account in )B&

with an openin# balance of Rs. 88888.

%i'en below are the transactions for the month of !ay 4889. reate Nayanth &ndustriesP't "td. and pass the followin# transactions3

In the 76 7eatures Statutory & Taxation 7eatures/, "nable Excise#or

Dealers and 8%T to 9es.

reate the followin# %o*c4er t$pes and select@enter the fields as #i'en in the table3

"a/e of %o*c4er'$pes

'$pe of%o*c4er

&bbr. ,et4od ofvo*c4er

"*/berin

=sefor

Excise Purchases Purchase Ex Purc *utomatic E

Excise )ales )ales Ex sal *utomatic E

Excise)ales Returns redit Ex@:ote *utomatic E

reate the followin# Leders in the masters and select@ enter the fields as #i'en in the

table3

"a/e of t4e Leder =nder

,aintainbalances

ExciseDetails

=ish'eshwara )teel &ndustries )undry E E

*sho En#ineers )undry Debtors E E

In Excise Details Screen * "nter Excise Regn. o., Range, Di-i4

sion, Co!!issionerate and Select as Manu#acturer for De#ault

ature o# :urchase.

In the Excise Details Screen * "nter Excise Regn. o., Range,

Di-ision, Co!!issionerate and Select the Second Stage Dealer for


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De#ault ature o# :urchase.


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reate the followin# Leders in the masters and select@ enter the fields as #i'en in the

table3

"a/e of t4e leder =nder -nventor$ %al*es

are

=sedin %&'!et*r

%&'


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In Duty Details #or6 Hot Rolled Coils

Tariff +lassification 000

Type of Duty 1asic "'cise Duty

#ate of Duty 23

Method of +alculation 4n ssessable )alue

Type of Duty "ducation +ess

#ate of Duty 53

Method of +alculation 4n Duty %alue

Type of Duty Secondary "ducation +ess

#ate of Duty 23

Method of +alculation 4n Duty %alue

Given belo are t4e transactions :

(. On (4-4889, Nayanth &ndustries purchased the followin# items from =ish'eshwara)teel

&ndustries /!anufacturer0 /&n'oice :o. (88-70.

-te/ Description ot !olled

Kuantity /!T0 488

Rate 788

*ssessable =alue (,48,88

Excise Duty H (-I (9,48

Education ess H 4I 6+

Total *mount (,69,-

=*T H +I -,-6.6

&n'oice *mount (,+-,(71.6

4. On 48-4889, Nayanth &ndustries sold the followin# items to *sho En#ineers.

-te/ Description ot !olled #oils

Kuantity /!T0 (

Rate


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=*T +


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6. On 44-4889, *sho En#ineers returned the followin# items to Nayanth &ndustries

-te/ Description ot !olled #oils

Kuantity /!T0 (

Rate

=*T +


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(oints to !e/e/ber

Excise duty is tax char#ed on #oods manufactured and consumed

within &ndia.

%oods to be Excisable must satisfy the three basic conditions i.e, itmust be mo'able, maretable and specified in the entral Excise Tariff

*ct.

E:=*T redit is the setoff of duty paid on inputs used in the manufac

ture of final products, a#ainst the duty liability on such final products.

Only the re#istered dealers are eli#ible to pass on or a'ail as the case

may be the E:=*T redit.

Tally.ERP 9 permits you to create specific 'oucher types lie Excise

Purchase A Excise)ales for enterin# the excise related transactions. )upplier@ Buyer details can be entered durin# in'oice entry.

Tally.ERP 9 permits you to #enerate A print both en'atable A :on

en'atable )ales &n'oice.

* Re#istered Dealer is reCuired to maintain )tatutory Reports lie )toc

Re#ister of the cen'atable #oods A Kuarterly Return of the Excise Duty

paid. Tally.ERP 9 permits you to #enerate and print these )tatutory

Reports.

Tally.ERP 9 also allows you to mae ad2ustments in the records for the

sales return of en'atable #oods and 'iew its effect in the )tatutoryReports.

Excise for Dealers

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