New registration under central excise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2015
Dear All,
if a proprietorship concern has registered under central excise say on 24.02.15, now it has raised invoice with excise from that date. Since for feb month,the last date of payment is 5/6th day of march, but it has not paid.
and now it want to deposit excise for both month on 31.03.2015.
then now question is that there interest will be charged on late deposit of feb month or any relaxation is available there. if interest then what rate?
Plesae clarify
if a proprietorship concern has registered under central excise say on 24.02.15, now it has raised invoice with excise from that date. Since for feb month,the last date of payment is 5/6th day of march, but it has not paid.
and now it want to deposit excise for both month on 31.03.2015.
then now question is that there interest will be charged on late deposit of feb month or any relaxation is available there. if interest then what rate?
Plesae clarify
26 March 2015
You need to pay excise duty along with interest @ of 18% per annum for the month of February.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2015
thanks for reply,
Now a question that if firm has purchased the goods with excise before date of registration under central excise, then can it claim those excise duty paid on purchase as cenvat credit. if yes, then for how much period?. please.
Now a question that if firm has purchased the goods with excise before date of registration under central excise, then can it claim those excise duty paid on purchase as cenvat credit. if yes, then for how much period?. please.
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
- GST Regis.
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
