Senior Executive- F&A
590 Points
Joined January 2009
Dear Rahul
Now a days, All format except form RG-1 had been framed a long time before. A assessee can keep the records according to his convenience. Only RG-1 (Daily stock account ) has to be maintained as per format prescribed by excise. However the purpose of the register is described as below:
RG-1 : It is daily stock account and mandatory to maintain to the manufacturer.
RG23 Part-1 : Detail of Input on recipt of the material.
RG23 Part-2 : Detail of Cenvet credit taken on input and utilization thereof.
Also it is for RG23 C Part-1 & Part-2 in view of cenvat of Capitial goods.
Hope All the things are clear now.
Regards