12 June 2012
In case of Capital goods,one has to avail and utilize 50-50% of excise in present FY and in next FY respectively.So while filling ER-1 should i put only 50% availed amount for Capital Goods??
If so,
Then what about the remaining 50% i am going to utilize next year?? Is it again shown in ER-1 of next year??
12 June 2012
Excise Duty on Capital good are take 50% current & remaining next financial year. while filling ER-1 Excise Duty Avail on capital good are full shown & utilised 50% less Total of avail. excise Duty on Capital good opening ---------50000 current Year Avail---------200000 utilised current yaer -------- 150000(Rs 50000 last year+100000 rs current year) balance closing ------- - 100000 Rs
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