Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2013
SIR
i purchase raw material from different manufacturer and take EXCISE credit on them and i also allow 10% tolerance(normal loss) so i use to pay for whole amount but i take excise credit only on actual received not on whole quantity
e.g qty received 100 ton excise charged rs 10000 now actual received 99 ton but i pay manufacturer for 100 ton so amount of excise can be avail 9900 or 1000
sir is you know any case study related to this so please give reference
i purchase raw material from different manufacturer and take EXCISE credit on them and i also allow 10% tolerance(normal loss) so i use to pay for whole amount but i take excise credit only on actual received not on whole quantity
e.g qty received 100 ton excise charged rs 10000 now actual received 99 ton but i pay manufacturer for 100 ton so amount of excise can be avail 9900 or 1000
sir is you know any case study related to this so please give reference
17 October 2013
You will take the cenvat credit on full amounts.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2013
sir.
please give me section reference or any case law so that i can prove it at audit place
please give me section reference or any case law so that i can prove it at audit place
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
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Legal heir raised refund , but refund issued to the closed account of deceased.
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Offsetting interest income against derivative trading losses
- 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
