Credit of Excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2010
If a company/firm is involved in jobwork as well as sale to its customers, then whether it is entitled to the credit/refund of excise duty? What is the situation if the company/firm is doing jobwork alone?
If a company/firm is involved in jobwork as well as sale to its customers, then whether it is entitled to the credit/refund of excise duty? What is the situation if the company/firm is doing jobwork alone?
09 December 2010
Dear Friend,
I would like to inform you that Job Work is separate operation in a Mfg co. The Invoice price of Job work should not add in the turnover of the Co. So there is no Credit benefit in Job work.Credit facilities is available only on mfg activities.
Thanking you,
Rd
I would like to inform you that Job Work is separate operation in a Mfg co. The Invoice price of Job work should not add in the turnover of the Co. So there is no Credit benefit in Job work.Credit facilities is available only on mfg activities.
Thanking you,
Rd
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2010
Thanks for the reply..it means if a co is doing jobwork alone then it is not entitled to claim excise duty?
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- GSTR9 Annual Return
- Reward for festival
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- RCM and same line
- Closer of business and itc of capital goods
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
