Inter state sale
This query is : Resolved
19 August 2013
sir if interstate sale is made then credit of excise receivable to purchaser or not?
19 August 2013
CST and excise are different TAX so excise credit is receivable to purchaser regard less of interstate purchase or local purchase
19 August 2013
Yes, if inputs are used TO manufacture of those units WHICH ARE USED IN inter state sale
19 August 2013
if the final product is exciseable, then exicse paid on input is allowed
20 August 2013
i understand the above matter,if purchaser issue form c then also eligible for credit or not ?
20 August 2013
Form C is relevant for Interstate sale to reduce CST rate 4% instead of 12% in case of sale without C form.
Its not relevant for the purpose of claiming Cenvat Credit of Excise Duty paid on Input (purchase)
Its not relevant for the purpose of claiming Cenvat Credit of Excise Duty paid on Input (purchase)
21 August 2013
you have to take in mind that CST ACT and Excise is different act and input excise can be claimed whether the purchase is against form c or not
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
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Application of 115BAC
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- 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
