Books of Accounts under Central Excise

Dear Experts,

Please help considering the following points.

1)  A Company having number of branch offices in different states and also having Factory in some states is having Centralized Accounting (thru SAP ERP System)

2)  Company have Centralized Registration of Service Tax for payment of S.Tax liability and its branches having Input Service Distributor Registraion at state level.

3) Company also having Registraion under Exicse for Manufacturing Acitivities for its factories.

4)  Its Branches are also having Excise Registraion.

Can Excise or Service Tax department ask for Separate Trial Balance, Profit & Loss account or Balance Sheet for its Branches and Factories, though assessee is having centralied accounting Software.

i.e. Only one Profit & Loss account and Balance Sheet is prepared for all branches and factories. 

 

 

 

 

 

Replies (2)

unit wise break up is needed as the registration control is unit based, 

Dear Sameer

even in case of centralsed processing of biils , these bills are processed with refrence unit code. hence you can submit unit trial balance.

Regards

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