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input reversal on stocks held

ITC / Input 235 views 6 replies
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Head -Finance & Accounts
46 Points Posted on 10 December 2017
is there any rule that excise duty claimed on stocks held as on 30th june in gst tran1 has to be reversed if these stocks r not sold by dec 31st 2017
pl clarify on this as we hv claimed ED against purchase document
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On 10 December 2017 at 12:19 Report
Replies (6)
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Student CA Final
11857 Points Posted on 10 December 2017
Till now this is rule u hv to sold the stock within 6 months
49 Reply
On 10 December 2017 at 19:33
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Head -Finance & Accounts
46 Points Posted on 11 December 2017
what about already claimed excise duty amt. on these stocks? if i am not able to sell these stocks
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On 11 December 2017 at 20:56
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Student CA Final
11857 Points Posted on 11 December 2017
U should have to reverse then... Wait for any further extension
49 Reply
On 11 December 2017 at 21:57
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Head -Finance & Accounts
46 Points Posted on 17 December 2017
i hv excise duty paid invoices for stks held. if i am not able to sell these stocks by dec am i to reverse
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On 17 December 2017 at 10:45
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Head -Finance & Accounts
46 Points Posted on 17 December 2017
i know that i cannot claim 60% or 40% as applicable if i cannot sell before dec
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On 17 December 2017 at 10:46
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Student CA Final
11857 Points Posted on 17 December 2017
Wait for further notification
49 Reply
On 17 December 2017 at 11:00


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