Query Related to Excice Credit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2011
Dear Sir/Madam
I am doing audit of a manufacturing company my query is that this company is purchasing rowmaterial on which suplier is not charging excise he is only charging CST,but the comapny is taking excise as well CST credit on this goods
I want to know whether it is correct or not?
Is there any provision that comapny can take excise credit only if suplier is charging excise on the invocie /
I am doing audit of a manufacturing company my query is that this company is purchasing rowmaterial on which suplier is not charging excise he is only charging CST,but the comapny is taking excise as well CST credit on this goods
I want to know whether it is correct or not?
Is there any provision that comapny can take excise credit only if suplier is charging excise on the invocie /
14 February 2011
No CST credit allowed. No excise credit allowed if Excise amount not mentioned in invoice.
Message likes :
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23 February 2011
No excise credit is allowed if not shown in the invoice separately. The first stage and second stage dealers should also show excise duty calculations separately.
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