In excise unit separate premise have to be maintained with various registers to be maintained to avail modvat credit. For small to medium manufacturer where trading activity is also involved it is difficult to maintain all the records.
If GST is implemented will there be any change in record keeping for excise units.
Please advise regarding the same.
Current in imports STATE VAT is not paid at the time of import by declaring TIN no. What will be the status in case of SGST
Dear experts it is said that GST will subsume almost all indirect taxes, whether GST will be a threat to the Professionals or it will expand the scope of the professionals in future.
Sir, we are manufacturer of any item, in which we are printing MRP Rs. 10.
ITEM NAME : PAPER BAGS (TARIFF HEADING 48194000)
I want to know that can we sale this item in lower price (Basic i.e. Rs. 5)to any distributor.
NOTE : WE ARE ALSO REGISTERED IN EXCISE.
Thanks.
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