Purchase with excise/custom duty
Last updated
Last updated
The products/services that you have purchased from the vendors or especially manufacturing companies the bill that you get for entries includes excise duty,
And imported goods will have a custom duty in Nepal so if you want to do entires for that kindly follow the steps below.
Important Note:
Follow the same step for excise and custom duty by creating two different products
1) Product Name - Excise Duty, Unit - Na, Product Type - Single, Price - Rs.0.00
2) Product Name - Custom Duty, Unit - Na, Product Type - Single, Price - Rs.0.00
Go to products -> add product
Now, create a product named -> Excise Duty
Check -> manage stock and fill up all the required details just like when adding other products
Put the product type -> Single -> Applicable tax -> VAT13%
Add purchase price/sales price/others 0.00
Click on save
After creating a product,
Go to purchase -> add purchase
Fill in the details -> add the purchased products or import products if you have lots of purchased items
Now add the excise duty that you have created -> add purchase tax -> add payment details
Click on save
Disclaimer:
While using this method your excise or custom duty stocks might increase after every purchase, but the stock valuation won't be effected as it has 0.00 rates everywhere,
We have planned to implement do add excise/custom duty entries in the system built in for future.
