Capital goods return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
Dear Sir,
we would like to ask about,
When we purchase any capital goods, we claim 50% cenvat in current f.y. and balance 50% credit in next year.
we want to return some capital goods items to supplier, for that, we need to raise invoice to supplier as purchase return item, and return cenvat portion. is this right practice against excise, please reply
we would like to ask about,
When we purchase any capital goods, we claim 50% cenvat in current f.y. and balance 50% credit in next year.
we want to return some capital goods items to supplier, for that, we need to raise invoice to supplier as purchase return item, and return cenvat portion. is this right practice against excise, please reply
03 June 2012
In case of Goods Return as such, cenvat credit takenwill have to be reversed
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
