Excise - adjustment
This query is : Resolved
Nisanth C S
(Querist)
29 April 2013
Dear Friends,
I am working in a Public Limited Company, and we are dealing with Excisable Product. We were paying Monthly Excise payment.As concerned with date of Payment, it was coming on every 5th. But in year end we need to make the payment on 31st Itself.
my doubt is that, if we paid more than what we want to pay, Can we adjust the same in the next month?
(For Ex: March Liablity is Rs.100000, we paid 110000/-, can we adjust that Excess rs.10000/- in april payment.
Expecting your replies.
Regards
Nisanth C S
I am working in a Public Limited Company, and we are dealing with Excisable Product. We were paying Monthly Excise payment.As concerned with date of Payment, it was coming on every 5th. But in year end we need to make the payment on 31st Itself.
my doubt is that, if we paid more than what we want to pay, Can we adjust the same in the next month?
(For Ex: March Liablity is Rs.100000, we paid 110000/-, can we adjust that Excess rs.10000/- in april payment.
Expecting your replies.
Regards
Nisanth C S
Ashish Vaish
(Expert)
02 May 2013
Yes you can. The same excess ED paid will also reflect in your ER-1/ER-3 return.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
