Excisable & non excisable input - issue to wip
This query is : Resolved
tapas aghera
(Querist)
16 June 2012
Hello all,
one of my client is excisable firm.
They received input - excisable as well as non excisable.
When they receive excisable input, the same will be entered in Input Register and then issue to Process Register.
Now wen he receives the non excisable input, how to account for the same.?
should i need to enter it in excise input register n then isssue to Process register ?
or should i directly add to process register as an input.?
Kindly guide me...
Thanks in advance
one of my client is excisable firm.
They received input - excisable as well as non excisable.
When they receive excisable input, the same will be entered in Input Register and then issue to Process Register.
Now wen he receives the non excisable input, how to account for the same.?
should i need to enter it in excise input register n then isssue to Process register ?
or should i directly add to process register as an input.?
Kindly guide me...
Thanks in advance
Arun Kumar Singh
(Expert)
16 June 2012
For the purpose of excise they should maintain in the excise book only taxable inputs for the cenvat 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
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Foriegn assets disclosure
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- 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.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
