regarding rg - 1 & rg - 23
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 May 2010
dear all
what is Rg-1 & Rg23
what is Rg-1 & Rg23
26 May 2010
Dears,
RG-1 means "Register of Goods No.1" in which Production and sales entries are posted on day to day basis for each product.
RG-23 means "Register of Goods No.23" But in this, there are four different category 1) RG-23 A Part-I--> For accounting of Receipt of Raw material 2) RG-23 A Part-II--> for availment of Cenvat credit of Input material.3) RG-23 C Part-I--> For accounting of Receipt of Capital Goods 2) RG-23 C Part-II--> For availment of Cenvat credit of Capital Goods.
These all are called as "Statutory Excise Records".
Regards
Kishor
RG-1 means "Register of Goods No.1" in which Production and sales entries are posted on day to day basis for each product.
RG-23 means "Register of Goods No.23" But in this, there are four different category 1) RG-23 A Part-I--> For accounting of Receipt of Raw material 2) RG-23 A Part-II--> for availment of Cenvat credit of Input material.3) RG-23 C Part-I--> For accounting of Receipt of Capital Goods 2) RG-23 C Part-II--> For availment of Cenvat credit of Capital Goods.
These all are called as "Statutory Excise Records".
Regards
Kishor
Message likes :
2 times
02 June 2010
Dear,
RG-1 is used for finished products production and sales. In this register you have to enter quantity and assessable values (for sales) on day to day basis.
RG-23A Part-I (for Excisable Raw Materials and packing Materials receipts and consumption) and RG-23C part-I (for Capital Goods receipts and issue) is used for quantities.
RG-23A Part-II (for availment of Cenvat Credit of Input material) and RG-23C-Part-II (for availment of Cenvat Credit of Capital Goods)
RG-1 is used for finished products production and sales. In this register you have to enter quantity and assessable values (for sales) on day to day basis.
RG-23A Part-I (for Excisable Raw Materials and packing Materials receipts and consumption) and RG-23C part-I (for Capital Goods receipts and issue) is used for quantities.
RG-23A Part-II (for availment of Cenvat Credit of Input material) and RG-23C-Part-II (for availment of Cenvat Credit of Capital Goods)
Message likes :
1 times
22 January 2013
Further Adding
if u are a first stage dealer and u hav paid duty on the product, then it is essential when passing such goods, u hav to enter the transaction in RG 23D.
if u are a first stage dealer and u hav paid duty on the product, then it is essential when passing such goods, u hav to enter the transaction in RG 23D.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
