Rg registers

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Sneha Adukia

Sneha Adukia (Querist)
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09 May 2012 Kindly tell me about RG23 registers. Also is cenvat credit different from the the credit in RG register??

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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09 May 2012 Sneha,

Every assessee is required to maintain RG23 register on behalf of the dept.
It is a register maintained for Records of Receipts of duty-paid goods and issue thereof. Various details like Name and address of Manufacturer or Importer, Rate and Amount of duty, Quantity, Total of duty, Description, Invoice No. and Date or Bill of Entry and date etc are given in the registe.
The amount of duty is verified with the books of accounts maintained and difference, if any, is reconciled.

If the difference is not reconciled, the duty can not, in any case, exceed the credit available as per RG23

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Sneha Adukia

Sneha Adukia (Querist)
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09 May 2012 Thanks,

Can u tel me d difference between RG23A & RG23C?

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CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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09 May 2012 RG23A- For input cenvat credit
RG23C- For Capital goods cenvat credit

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Sneha Adukia

Sneha Adukia (Querist)
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09 May 2012 & service tax cenvat credit is also filled in the same return??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 May 2012 RE23A-Part I)– For receipt, stock and consumption of Cenvatable Input.

Input Credit Account (RG23A- Part II)– For availing Cenvat Credit on Input.

Capital Goods Stock Account (RG23C- Part I) - For receipt, stock and consumption of Cenvatable Capital Goods 5. Capital Goods Credit Account (RG23C- Part II) For availing Cenvat Credit on Capital Goods.

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