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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is thr diff between commercial invoice and ecise 
invoice
 Question Submitted By :: Sambit
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is thr diff between commercial invoice and ecise invoice
Answer
# 1
In commercial invoice  there is only vat (Local / CST) tax
only mentioned But exise invoice there is Cenvat plus vat
tax also mentioned.
 
Is This Answer Correct ?    8 Yes 5 No
Narasimhulu
 
  Re: what is thr diff between commercial invoice and ecise invoice
Answer
# 2
In commercial invoice  there is only vat (Local / CST) tax
only mentioned But exise invoice there is Cenvat plus vat
tax also mentioned
 
Is This Answer Correct ?    4 Yes 4 No
Ramesh
 
 
 
  Re: what is thr diff between commercial invoice and ecise invoice
Answer
# 3
Actually, I am not satisfied to this answer. I also want to 
know the details answer of the same Q.
 
Is This Answer Correct ?    3 Yes 2 No
Aman Kumar
 
  Re: what is thr diff between commercial invoice and ecise invoice
Answer
# 4
commercial invoice and excise invoice also maintain excise 
and vat. But also excise modvat, vat(local)  on take excise 
invoice and commiercial invoice take vat do not take excise.
 
Is This Answer Correct ?    1 Yes 1 No
Anil Yadav
 
  Re: what is thr diff between commercial invoice and ecise invoice
Answer
# 5
Excise Invoice gives the entire details of tax as in if i 
am purchasing goods from a trader 100 nos., but he had 
purchased 1000nos. from manufacturer. My excise invoice 
will show even the details regarding the no. of goods 
purchased by the trader which is 1000 nos. & excise duty 
charged to him by the manufacturer & of which same will be 
charged to me for 100 nos. i.e. the trader will recover 
excise of the same amt. from me which he had paid to the 
manufacturer. These details of Trader is not shown on the 
commercial invoice.
 
Is This Answer Correct ?    1 Yes 0 No
Sonal
 

 
 
 
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