Excess excise duty paid reason being temporary hike in rates
This query is : Resolved
10 October 2013
CG by notification increased excise rate from 12% to 20%. The parliament session withdrew the above changes after 5 months and the rate was back to 12%.
A Relevant company paid excise as per increased rate of 20% for 5 months and certainly the company won't get refund for excess excise duty paid for 5 months. so my question is whether the company would get benefit as adjustment in payment later on in subsequent payments ?
A Relevant company paid excise as per increased rate of 20% for 5 months and certainly the company won't get refund for excess excise duty paid for 5 months. so my question is whether the company would get benefit as adjustment in payment later on in subsequent payments ?
10 October 2013
If you have paid the excess duty payment then you can adjust in the next month duty payment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Gst Sales of FY 2023-24
- Whether still royalty
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Payable outstanding for years disallowance
- TDS NUMBER SURRENDER
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
