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The Central Government has issued five notification nos. 38/2008 CE(NT) to 42/2008 CE(NT) all dated 29.9..2008 to facilitate collection of information from third party sources or from manufacturers themselves, in order to identify manufacturers with a propensity to evade taxes and to create an atmosphere of voluntary compliance. . BSC/SS/GN/243- 08 |
| Originally posted by :Subodh | ||
| " | CENTRAL EXCISE RETURNS HAS TO BE FILLED The Central Government has issued five notification nos. 38/2008 CE(NT) to 42/2008 CE(NT) all dated 29.9..2008 to facilitate collection of information from third party sources or from manufacturers themselves, in order to identify manufacturers with a propensity to evade taxes and to create an atmosphere of voluntary compliance. An annual installed capacity statement namely ER-7 has been prescribed which is to be filed by all assessees, for declaring the annual production capacity of the factory, which is required to be filed by every assessee for a financial year by 30th April of the following financial year. The ER-7 for the year 2007-08 is to be filed by 31.10.2008. Further, the Declaration required to be filed by the units availing of exemption under the small scale exemption scheme has also been modified to include details relating to PAN No., VAT registration No. and information regarding electricity connection. The central excise field formations have also been advised to identify evasion prone commodities, and seek data relating to electricity consumption of such units from the distribution companies and verify the production details declared in the monthly excise returns . The Central Government has also amended the criteria for filing of the ER-4, ER-5 and ER-6 returns making it mandatory for all assessees paying total duty (CENVAT credit + Cash) of more than Rs.1 crore in a financial year. ER-4 is an annual financial return filed by the assessees declaring the financial details regarding purchases, sales, other income etc. ER 5 and ER-6 are returns for furnishing information relating to the principal inputs used by the assessee and the monthly consumption of such inputs. Regular analysis of the information from these sources is to be utilised to unearth evasion of taxes. BSC/SS/GN/243- 08 |
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HI,
PLEASE ANY BODY HELP ME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WE HAVE A REGISTER (EXCISE) MANUFACTURING UNIT IN UTTAR PRADESH & ANOHTER IN REGISTER (EXCISE) MANUFACTURING IN TAMIL NADU.
CAN WE TRANSFER STOCK FROM UP TO TN.
CAN WE TRANSFER FINISH GOOD FROM UP & DIRECTLY SELL FROM TN UNIT.
PLEASE TELL ME
VINOD KUMAR
PLEASE HELP ME
WE HAVE PAID COMMISSION TO FORIEGN AGENT ON SALE BASIS IN OUT SIDE OF INDIA. WE HAVE ALREADY DEPOSITED THE SERVICE TAX AMOUNT ON THIS COMMISSION..
CAN ANY BODY TELL ME THAT HOW TO WE TAKE TAKE CENVAT OF THIS AMT PAID (SERVICE TAX)
VINOD KUMAR
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Regrds, Jayaprakash My e mail ID jayaprakash.brt @ gmail.com |
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DEAR SIR, I AM WORKING IN A MFG UNIT IN PUNJAB THEY HAVE 2 UNIT ONE IS MFG AND SECOND IS TRADING IN THE SAME NAME AND SAME PLACE.
MY Q. IS HOW CAN STOCK TRF FROM TRADING UNIT TO MANUFACTURING UNIT AND HOW CAN AVAIL CENVAT , IF TRADING UNIT IS UNDER EXCISE. CAN WE TAKE CANVAT IN MFG. UNIT ?
THANKS AND REGARDS
@ Chandrasekhar,
Dear Sir,
If you are going to sell the goods as a manufacturer dealer, you need not transfer Cenvat credit to your CE Trader registration.
If you are going to sell the goods as a CE Regd trader, you can take credit based on the Cenvat document ( tax invoice), you obtained from your supplier while you were procuring the goods.
Thus, for manufacturer sales, you can avail cenvat credit under your manufacturer registration itself. no need to transfer the Cenvat to trader registration.
Please revert in case the answer is not satisafactory.
Thanks,
Shankar
mail.id - shankar @ rtax.in
| Originally posted by : Chandra Shekhar Bhatt | ||
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DEAR SIR, I AM WORKING IN A MFG UNIT IN PUNJAB THEY HAVE 2 UNIT ONE IS MFG AND SECOND IS TRADING IN THE SAME NAME AND SAME PLACE. MY Q. IS HOW CAN STOCK TRF FROM TRADING UNIT TO MANUFACTURING UNIT AND HOW CAN AVAIL CENVAT , IF TRADING UNIT IS UNDER EXCISE. CAN WE TAKE CANVAT IN MFG. UNIT ? THANKS AND REGARDS |
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| Originally posted by : R.Sankaranarayanan | ||
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@ Chandrasekhar, Please eleborate more, as till today we are aware that cenvat credit can be availed by manufacturer only Thus, for manufacturer sales, you can avail cenvat credit under your manufacturer registration itself. no need to transfer the Cenvat to trader registration.
Please revert in case the answer is not satisafactory. |
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