Dear Professionals,

Since Excise dusty is subsumed in GST, how to treat excise duty while preparing CMA data format for bank loans. We normally consider Gross Sales less Excise duty = Net sales


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27 February 2019 at 11:52

Tax clearance certificate

Sir Tender bidding for toddy require tax clearance certificate.I am not a registered dealer in sales tax or GST or in Income Tax.Whether giving affidavit can i obtain the certificate?


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25 February 2019 at 15:10

Taxable event

Dear Experts,

Co.,X manufacture molds for Plastic Packaging goods, on behalf of customers , it receive advance and complete the manufacturing activity and finally receive the full payment on dispatch of such machine molds.

Similarly their are two machines are under work in process stage this process started in Excise regime but still not completed the Finished goods phase, thus Co., X didn't charge any excise duty based on the Concept of excise duty charged on removal of the goods.

The ownership of the machines lies with the customer but not company .X. Mean while issued invoices for the rest of the amount spent on the expenses of machinery along with CST (central Sales tax ) @ 5.5%.

Now the Central excise auditors are issued enquiry notice to Pay the Central Excise @12.5% , by mentioning it is deemed to be sold if the invoice is raised along with CST.

Please give your valuable expertise thoughts to resolve this enquiry.

regards,
Bhavya.P


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23 February 2019 at 14:28

For year 2009

1-We used one brand in 2009 namely KELVIN for all product selling .
2-All product we buy and sell in our above brand.
3-Is our concern is tranding or manufacturing as we used our logo KELVIN in all products.
4.Our sales in that period is above Rs.2.5 crores
5.So we must have Central Excise no or not because our sales is above 1.5 cr.
6.If we should have CE no , are we the dafaulter of Excise.

Please claerify the same.
regards
Pawan Gupta
kolkata
9433063416


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16 January 2019 at 09:59

Excise on capital goods

Dear Sir,

We have purchased Machinery in the month of April,2015 for approx 65 Lakhs and installed and started production within a month. We have taken the credit of the Central Excise charged in the Capital Goods Invoice. We have made the payment to the supplier keeping a balance of Rs, 6.50 lakhs. After a month say in the month of June,2015 we found out that one of the Machinery received was not upto the quality agreed and we had made a complaint about the same to the supplier. Many follow up were made to the supplier and after many round of discussions he offered us the discount of approx Rs. 4.00 lakhs. On that out of the remaining 6.50 we made the payment of 2.50 and Rs. 4.00 lakhs was written off from his account as Discount. Now During the CERA Audit this point was raised. Now we are being asked to pay the amount of Excise Duty on the amount written off alongwith the interest and penalty. Can somebody guide us what can be done in this issue. BY writing off the same as discount we have made the Income Tax Payment on the amount.


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Anonymous

under which notification or circular textile manufacturing industry is exempted?
Please provide notification number??


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Anonymous
28 November 2018 at 23:25

Filing of return

Can an assessee file ER 1 return during gst regime and Form I return in respect of clean energy cess paid as per rule 11 of cl energy cess rules 2010. IE after implementation of gst.


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27 November 2018 at 13:11

Green card

DEAR SIR,

WE HAD TAKEN ADVANCE LICENCE FOR DEEMED EXPORT AND NOW SUBMITTING DOCUMENTS TO CLEAR IT

BUT NOW WE DONOT HAVE GREEN CARD OF OUR CUSTOMER TO WHOM WE MAKE DISPATCHES AGAINST ADVANCE LICENCE


PLEASE SUGGEST WHAT WE DO NOW TO CLEAR IT

IT URGENT PLEASE SUGGEST


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25 September 2018 at 13:48

Currently situation of excise duty.

1. Is Excise Duty is Levied On Manufacturing
2. What is the Excise Duty Limit to register under excise, Today if this is Levied.
3. On Which Of the products does excise levies, On Every products or Only On Selected Products.
4. What is the rate of Excise Duty, is this same rate or different rates on different products.


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20 September 2018 at 14:13

Rg : job work

Dear sir,

We are an Eou unit , and now also want to do job work for a DTA Unit.

Can we do it ? before this process should we inform or take permissions from STPI and Excise ( GST Cell ) ?

Please help in details


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