For capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2014
Sir
we have purchase a capital goods from Company
'A' & we want to sale to 'B' Kindly give us suggestion we sale removed as such or in other ways because we have credit taken of 50% in current Fy. or if we sale or removed as such the same goods in which ratio we credit reversed from RG23C P-II.
Regards
Gautam
we have purchase a capital goods from Company
'A' & we want to sale to 'B' Kindly give us suggestion we sale removed as such or in other ways because we have credit taken of 50% in current Fy. or if we sale or removed as such the same goods in which ratio we credit reversed from RG23C P-II.
Regards
Gautam
Rupesh Jain
(Expert)
10 December 2014
you have to make payment of duty form your cenvat C a/c if you not have bal then through PLA.
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
Rupesh Jain
(Expert)
10 December 2014
you have to make payment of duty form your cenvat C a/c if you not have bal then through PLA.
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
