Cenvat Credit
This query is : Resolved
18 June 2011
We are selling duty paid goods and in one case we sold 10 ton duty paid materail to one party and due to Quality complaint they returned 5 ton material. Now we have to take back duty on 5 ton material how can i assure that the party has reveresed the cenvat credit?In case they dont reverse the Cenvat credit wht is the position or responsiblity of seller ie our company?
19 June 2011
the party has to issue invoice for 5 ton of returned goods, and mention the duty reversal in that invoice, indicating the original invoice reference,
without this document, you can not avail input credit.
without this document, you can not avail input credit.
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
- Opting our of sec 44AD
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Value of property in capital gain
- Form 121 & TDS deduction
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
