In what cases is RSP applicable?

From what i understand, It does not apply when the buyer is commercial or industrial..
Hence if HUL sells it to its wholeseller it does not apply,

but if BATA shoes has its own showrooms, then it applies.

Am i right?



Secondly, please relate the above example with wholesale packages..

Hello sir,
I have cleared CA in recent may2011 attempt
i want to work in indirect tax firms Moreover even in my articleship i didnt have a exposure on such area so please guide me how to start studying in this area example which book n all.

please tell me some indirect tax firms specially excise and service tax.

sir/madam,
pls tell me when we file return...
we get registration on 9th august,2011 and previous year turnover is 45lac. we are not raise any bill in market till date of excise we are planing to intimate superintendent after this month for raise bill or issue bill.
pls suggest when we file return ?
file monthly or three monthly ?

The client's company is a manufacturing SME unit; where the total manufactured turnover excluding exports comes below the exempted threshold limit of Rs.1.5 cr a year.

Now their production increases and crossed domestic turnover of Rs.1.5 cr

Experts Pl. advise on the following:
a) will the Deemed Export should also be considered...in calculating the threshold
b) If the domestic turnover alone croses Rs.1.5 cr. during the Financial year
- When to register with Excise
- How the Excise is payable or applicable
- ie from the date registration of from the 1st day of the financial year
- The stock non-exised raw material purchased before the date of registration should also be charged for excise..
- The unsold finished products should also be considered for Excise..?
- Is CENVAT Credit of input can also be taken into account
- What are statutory compliances as to Monthly/quarterly/annual returns etc.
- Is there possiblility of taking excise lower rate of excise
c) if the turnover does not crosses 1.5 cr. in the subsequent year, will excise to be paid even for a turnover less than Rs.1.5 Cr.

Experts please clarify and advise..

Dear Sir,

Pl. give me information on following :
(1) What is the General Exemption Limit of turnover for a SSI unit ? Under which notification, it is availed ?
(2) What is the General Exemption Limit of turnover for a NON-SSI unit ? Under which notification it is granted ?

thanks
anckoora

Dear Sir,

We are in business of Gold Studded Jewellery, having our own Brand Name. We do not manufacture this jewellery, but we get it manufactured by someone as per our design & technical specification. We also do not provide them any iof basic raw material. In short, we purchase from them outright. After purchasing, we put or brand name on ornaments, put a tag on item and do the packing. We sell this to Distributor, Retailer etc. In this budget, 1% excise has been levied on Branded Jewellery. Now pl. guide me on following issues :
(1)Our turnover from Apr-11 to till date is 91 lacs. We have already taken Excise Regn. Now, what is the basic exemption limit after whcih we have to start charging 1 % to our customer ?
(2) Till exemption limit is crossed, do we have to mention in our invoice any noti. no. pertaining to our exemption ?
thanks
anckoora

A MATERIAL BY WEIGHT CONTAINS 40% MOISTURE AS DISCLOSED IN INVOICE. THIS QTY. OF MOISTURE IS LOST IN PRODUCTION. HENCE PRODUCTION YIELD IS LOW.FOR PRODUCT VALUATION THE INVOCIE RATE IS TAKEN IN CONSIDERATION. WILL THE CENVAT BE ALLOWED ON FULL INVOICE QTY.

Dear Experts

We want to record sales of goods on accrual basis without the corresponding removal of goods from the factory

As the client desire to take the delivery of goods later date
(All the substantial risk has been passed on to the buyer therefore the criteria set out in AS-9 is fulfilled)

Now my question is what will be the treatment of such sales ,without corresponding removal of manufactured goods from the factory, on Excise duty taxability


Hoping for an earliest reply from the experts

Thanks in Advance

Dear Sir/Madam,

My company is manufacturing concern and having liability of excise duty. I Reported finished stock of Rs. 82 lacs to excise dep on 31.03.2011 and accordingly make provision of excise duty. Sir now I wanted to covert such stock into sales by making provision of sales because such FG were made for one of my client. I will pass the below entry for the same transaction

Income Receivable A/c Dr.

To Sales
To Excise Duty

As per my understanding excise duty will be leviable only at the point of manufacturing but payable only at the time of removal from factory

I wanted to ask you is there any liability on me arises if I am converting such stock into sales

Dear sir,
Iam saji varghese working as accounts assistant for a clearing and forwading agent firm.
Sir,
we have two firms one in kerala(cfa and proprietory firm) these two has seperate excise registrations.
as the above we have also two firms in chennai.
Sir,
Is it mandatory to have service tax reg:for each coimbatore and kerala; to issue cenvat invoices to customers? would you please give me a guidline.