Capital goods return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
Dear Sir,
we would like to ask about,
When we purchase any capital goods, we claim 50% cenvat in current f.y. and balance 50% credit in next year.
we want to return some capital goods items to supplier, for that, we need to raise invoice to supplier as purchase return item, and return cenvat portion. is this right practice against excise, please reply
we would like to ask about,
When we purchase any capital goods, we claim 50% cenvat in current f.y. and balance 50% credit in next year.
we want to return some capital goods items to supplier, for that, we need to raise invoice to supplier as purchase return item, and return cenvat portion. is this right practice against excise, please reply
03 June 2012
In case of Goods Return as such, cenvat credit takenwill have to be reversed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Capital Gain on EUITY Shares
- Scrutiny assessments u/s 143(2) for AY 25-26
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
