Excisable & non excisable input - issue to wip
This query is : Resolved
16 June 2012
Hello all,
one of my client is excisable firm.
They received input - excisable as well as non excisable.
When they receive excisable input, the same will be entered in Input Register and then issue to Process Register.
Now wen he receives the non excisable input, how to account for the same.?
should i need to enter it in excise input register n then isssue to Process register ?
or should i directly add to process register as an input.?
Kindly guide me...
Thanks in advance
one of my client is excisable firm.
They received input - excisable as well as non excisable.
When they receive excisable input, the same will be entered in Input Register and then issue to Process Register.
Now wen he receives the non excisable input, how to account for the same.?
should i need to enter it in excise input register n then isssue to Process register ?
or should i directly add to process register as an input.?
Kindly guide me...
Thanks in advance
16 June 2012
For the purpose of excise they should maintain in the excise book only taxable inputs for the cenvat credit.
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