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
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- GST applicability on Shipping charges
- New old regime
- Incidence of Tax - TDA
- Composite medical service contract
- SALE SHOWS ACCORDING SERVICE PROVIDE BUT SERVICE RECEIVER (GOVT. DEP) SHOWS SALES IN 26Q DIFF YR
- TAX TREATMENT OF COMMODITY
- Rebate U/S 87A on Short Term Capital Gain on Sale Of Property .
- Stop filling ITR
- Income tax return change regime form necessary or not?
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
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
