We imported goods which arrived in the month of March and April and BE filed in respective months.The said goods were seized by Custom Authorities on pretext of misdeclaration.They load the value and re access the duty calculation and panelty. Now the material has been released in Month of November.How we take the credit in Trans 1 as this material in transit. As per law transit material input can taken only receipt up to 30/08/17.
or we have to modify BE's as per GST? That custo also not allows.Please advice.Thanks.
Menu
Input credit on seized goods
Replies (1)
We imported goods which arrived in the month of March and April and BE filed in respective months.The said goods were seized by Custom Authorities on pretext of misdeclaration.They load the value and re access the duty calculation and panelty. Now the material has been released in Month of November.How we take the credit in Trans 1 as this material in transit. As per law transit material input can taken only receipt up to 30/08/17.
or we have to modify BE's as per GST? That custo also not allows.Please advice.Thanks.
or we have to modify BE's as per GST? That custo also not allows.Please advice.Thanks.
Recent Threads
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
- Can a LLP Park money in MFs and do F&O
- ACCOUNTING TREATMENT FOR FIXED ASSETS STANDING AT
- GST Rule 14A and Form GST REG-32: Simplified Regis
- Filed Hotel commission from International Company
- Reinsurance brokerage section?
- Gst me Registration Zaruri Hain Kya?
- Discuss and Download CA Inter Question Paper Janua
Related Threads
CAclubindia
