Urgent
This query is : Resolved
29 May 2012
one of my client Mr .B manufacture,
Mr. A issue a bill in Name of Mr .B with Vat and Excise duty but this material use by Mr .C our reletive and mr .C paid us whole payment and we paid to Mr .C but now How can we issue the Bill With Excise Or Without Excise to Mr C ? we didn't add anything in material or price.
we took cenvat credit of this bill
Mr. A issue a bill in Name of Mr .B with Vat and Excise duty but this material use by Mr .C our reletive and mr .C paid us whole payment and we paid to Mr .C but now How can we issue the Bill With Excise Or Without Excise to Mr C ? we didn't add anything in material or price.
we took cenvat credit of this bill
29 May 2012
In this transaction C should be shown as consignee. M/s B should be shown as buyer. The consignee can avail cenvat on the basis of duplicate copy of M/s A issued under rule 11. M/s B should be raised the commercial invoice without excise duty.
29 May 2012
but sir Mr B availed cenvat credit and we are issuing only Cost + Vat bill there is any problum ?
29 May 2012
but sir Mr B availed cenvat credit and we( mr. B) are issuing only Cost + Vat bill there is any problum if we follow this type of method
29 May 2012
if you have to availed cenvat credit then you should reversed the cenvat credit on that input and material should be shown in your input register.
29 May 2012
any other alternative that we can take cenvat credit . Bcoz Mr c is Only traders thats why he is not avail to take cenvat credit advantage .
29 May 2012
Input should be entered in your factory premises and after processing sale the goods. then you can avail the cenvat credit.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
