Financials for India - EBS (MOSC)

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Direct Supply of material from vendor to OSP Vendor

edited Aug 5, 2013 4:46AM in Financials for India - EBS (MOSC) 9 commentsAnswered
 Hi Experts,
We have a requirement pertaining to OSP.

We have given an Order of Rs. 100000/- to Vendor X for raw material with say basic Excise Duty 12% i.e. Rs. 12000/-.
Order Total value is Rs. 112000/-.

Instead of taking delivery in our inventory we instructed vendor X to deliver material directly to our OSP vendor Y.
We made payment of Rs. 112000/- to Vendor X.

Now Material received by Vendor Y for OSP and he claimed CENVAT of Rs. 12000/-.

We have given an order to Vendor Y for Job Work of Rs. 50000/-.
Now Vendor Y is billing us as

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