Excise - penalty & regsitration
This query is : Resolved
hemant arora
(Querist)
27 July 2012
GOOD DAY TO ALL
THIS IS MY PERSONAL PROBLEM
THE CASE IS AS UNDER
MY UNCLE STARTED MANUFACTURING BUSINESS OF PAPER TUBE PIPES IN FY.2011-12 AND MADE SALE OF RS 1.90 CRORE TO A SINGLE PARTY. HE DIDN'T CHARGED EXCISE DUTY IN HIS BILLS AS HE WAS UNAWARE OF EXCISE DUTY ON MANUFACTURED GOODS.
NOW, IN THIS FY.2012-13, THE SALE UP TO 15.07.2012 IS RS 0.90 CRORE.
I WANT TO GET HIM REGISTERED WITH EXCISE DEPARTMENT, PAY TAXES ON RS 0.40 LAKH (1.90 CRORE - SSI EX. RS 1.50 CRORE).
PLEASE GUIDE WAY TO FOLLOW TO SOLVE THE MATTER AND CLOSE THE FIRM
THANKS
CA HEMANT ARORA
C/O ARORA HEMANT & ASSOCIATES
RUDRAPUR
7500997200
THIS IS MY PERSONAL PROBLEM
THE CASE IS AS UNDER
MY UNCLE STARTED MANUFACTURING BUSINESS OF PAPER TUBE PIPES IN FY.2011-12 AND MADE SALE OF RS 1.90 CRORE TO A SINGLE PARTY. HE DIDN'T CHARGED EXCISE DUTY IN HIS BILLS AS HE WAS UNAWARE OF EXCISE DUTY ON MANUFACTURED GOODS.
NOW, IN THIS FY.2012-13, THE SALE UP TO 15.07.2012 IS RS 0.90 CRORE.
I WANT TO GET HIM REGISTERED WITH EXCISE DEPARTMENT, PAY TAXES ON RS 0.40 LAKH (1.90 CRORE - SSI EX. RS 1.50 CRORE).
PLEASE GUIDE WAY TO FOLLOW TO SOLVE THE MATTER AND CLOSE THE FIRM
THANKS
CA HEMANT ARORA
C/O ARORA HEMANT & ASSOCIATES
RUDRAPUR
7500997200
U S Sharma
(Expert)
16 August 2012
declare 40-50% sale as trading goods, and get rid of the excise prob,
i assume within 1.9 cr, there may be few diff classes of goods or varities, divide the sales in class of goods and make it trading goods of some quantity with your convenience.
i assume within 1.9 cr, there may be few diff classes of goods or varities, divide the sales in class of goods and make it trading goods of some quantity with your convenience.
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 Commission Agents,profes. ser
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Import of Capital Machine
- LLP audit and disclosure
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- Closer of business and itc of capital goods
- 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?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
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
