Excise goods rejection credit
This query is : Resolved
04 December 2015
My company sold finished goods to customer who is not registered with excise deptt. after 3 month he rejected our material. My Question: Weather we can reverse CENVAT? Facts: 1) 100% material rejected. 2) Material not Return.(Destroyed by customer) 3) Debit not issued by Customer. (100% reverse entry)4)Material Short Received 5)Full Billed material not returned by Customer
04 December 2015
You can take the cenvat credit of rejected goods even if you have received the goods after few moths but rejected goods should be return to your premises along with your own invoice.
Message likes :
1 times
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
