Rejection of material (for dealer excise)
This query is : Resolved
16 December 2013
Will u please inform what is procedure for rejection of material in case of Excise dealer.
What Mr. A (Excise dealer) sold material to mr. B (Excise dealer) & pass on Excise credit of material.
What is procedure when Mr. B reject material & send back to Mr. A.
What is procedure to be follow when by Mr. A & Mr. B. Further do they need to inform about rejection of material to Excise department.
Please help......
What Mr. A (Excise dealer) sold material to mr. B (Excise dealer) & pass on Excise credit of material.
What is procedure when Mr. B reject material & send back to Mr. A.
What is procedure to be follow when by Mr. A & Mr. B. Further do they need to inform about rejection of material to Excise department.
Please help......
16 December 2013
Dear friend,
Mr B can reject the material and clear the same on his invoice or on the same invoice of Mr A.
Appropriate entries are to be made in the relevant records maintained by Mr A and Mr B
Mr B can reject the material and clear the same on his invoice or on the same invoice of Mr A.
Appropriate entries are to be made in the relevant records maintained by Mr A and Mr B
16 December 2013
U mean to say that Mr. B has to prepare Excise Invoice in the name of Mr A & Reject Material.
and How Mr. A will show rejection of matl in books of account.
Will they (MR. A & Mr. B) have to inform about rejection of material to Excise department ?
Also how to show such rejection transaction in Dealer Excise return.
Request your help.....
and How Mr. A will show rejection of matl in books of account.
Will they (MR. A & Mr. B) have to inform about rejection of material to Excise department ?
Also how to show such rejection transaction in Dealer Excise return.
Request your help.....
16 December 2013
Dear friend,
Yes. They can make necessary entries in their books of accounts.
As far as my knowledge, there is no statutory requirement of informing such rejection. However, if they have any apprehension, there is no harm in informing the department about the rejection.
The dealer return is to be filed in respect of the cenvatable invoices issued. There is no facility in the return format to show such receipt of rejection material. However, if any query is asked by the department, there won't be any problem in justifying your points. If you still have any apprehension, you may also intimate the department about the receipt of the reject material and its accountal in your books of accounts.
Yes. They can make necessary entries in their books of accounts.
As far as my knowledge, there is no statutory requirement of informing such rejection. However, if they have any apprehension, there is no harm in informing the department about the rejection.
The dealer return is to be filed in respect of the cenvatable invoices issued. There is no facility in the return format to show such receipt of rejection material. However, if any query is asked by the department, there won't be any problem in justifying your points. If you still have any apprehension, you may also intimate the department about the receipt of the reject material and its accountal in your books of accounts.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Specified Profession
- Last year TDS Claim
- STCG FOR GOLD ETFs
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
