Cenvat on stock laying before registration for dealer
This query is : Resolved
16 July 2011
Can a dealer in excisable goods could avail/pass on cenvat credit on stock-in-trade laying in his premises before obtaining registration.
Please mention if any specific provision in this regard.
Regards
Please mention if any specific provision in this regard.
Regards
16 July 2011
No a dealer in exciable goods could not avail cenvat on stock according to cenvat rule 2004 rule 6
16 July 2011
Sir, i am not able to understand how you had applied rule 6 of CCR 2004. Rule 6 talks about only availability or non-availability of cenvat credit if final product is exempt.
Further, i want to know whether a dealer is able to pass on duty paid on opening stock-in-trade prior registration.
Further, i want to know whether a dealer is able to pass on duty paid on opening stock-in-trade prior registration.
16 July 2011
Rule 6 of CCR'2004 deals with Cenvat Credit by manufacturers manufacturing dutiable as well exempted goods.
No bar in cenvat credit on stock in trade in premise before registration.Proper doc: for availment eg: RG23A to be maintained.Availment must be as per doc: referred in Rule 9 of CCR'2004.Passing of cenvat credit to be done on as such basis as provided in sub rule 5 of rule 3 of CCR'2004.
No bar in cenvat credit on stock in trade in premise before registration.Proper doc: for availment eg: RG23A to be maintained.Availment must be as per doc: referred in Rule 9 of CCR'2004.Passing of cenvat credit to be done on as such basis as provided in sub rule 5 of rule 3 of CCR'2004.
17 July 2011
goods procured as a unregisred dealer means no entry in manufacturer's house in the dealers registration
what would be opening balance of RG23D for issuing invoice?
if the range officer at the time of dealer registration, allows specifically, the entry in RG23D after scurtiny of manufacturer invoice to enter in RG23D, then only you can issue cenvatable invoice, otherwise not
what would be opening balance of RG23D for issuing invoice?
if the range officer at the time of dealer registration, allows specifically, the entry in RG23D after scurtiny of manufacturer invoice to enter in RG23D, then only you can issue cenvatable invoice, otherwise not
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Copyright software
- Regarding appeal to GSTAT
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Taxation on Swing Trading Income (No Other Income)
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
