Inter state sale

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chintan

chintan (Querist)
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19 August 2013 sir if interstate sale is made then credit of excise receivable to purchaser or not?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2013 CST and excise are different TAX so excise credit is receivable to purchaser regard less of interstate purchase or local purchase

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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19 August 2013 Yes, if inputs are used TO manufacture of those units WHICH ARE USED IN inter state sale

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CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2013 if the final product is exciseable, then exicse paid on input is allowed

chintan

chintan (Querist)
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20 August 2013 i understand the above matter,if purchaser issue form c then also eligible for credit or not ?

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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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)

CA UMESH DULAL

CA UMESH DULAL (Expert)
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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