Menu
Revarsal of cenvat credit
some finished goods and Raw materials were written off from books of account due to find shortage at the time of periodical physical verification. so whether require to revarsal of CENVAT in case of RM and require to pay duty on FG?
Replies (2)
Circular No. 907/27/2009-CX., dated 7-12-2009 in terms of this Circular, you have required to pay Excise duty or reverse the CENVAT Credit availed on inputs of Rule 21 of the Excise Rules.
You can reverse the duty what you have taken credit at the time of inward.
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
