Duty credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2012
Dear Sir,
we have excise dealer, if we send excise material with excise gate pass to party,some reason party return material to us, can we take excise credit?if yes which documents require to us from party.
we have excise dealer, if we send excise material with excise gate pass to party,some reason party return material to us, can we take excise credit?if yes which documents require to us from party.
30 August 2012
DEALER MEANS TRADER.................
so you are not eligible to take credit
but the party will issue invoice in your favor for returning the goods, and it will be treated as a fresh exicse invoice and u have to maintain seperate folio and sl no for the same. also you will have to issue invoice on the strenth of the same for cenvat purpose to next manufactuer buyer.
so you are not eligible to take credit
but the party will issue invoice in your favor for returning the goods, and it will be treated as a fresh exicse invoice and u have to maintain seperate folio and sl no for the same. also you will have to issue invoice on the strenth of the same for cenvat purpose to next manufactuer buyer.
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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
