CA Ketan Mahajan (Chartered Accountant) (46 Points)
16 June 2011
Hi
I want to know the information on cenvat credit.,
I am going for audit of a client(Pulp & Paper Mills) who comes under central excise.So how shall i ensure that he has complied with excise act,cenvat and excise rule? I wnt to know what are the things and documents that i will have to check and veify?
How to take cenvat credit,utilisation,returns,challans and everything.
Please guide
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 16 June 2011
Excise has its own set of records,
DSA(RG1) for production and clearance, where u can get duty liability arised and paid
PLA, for duty payment through cash ( GAR7/TR5)
RG23A-Part2 for cenvat credit taken on inputs and paid on clearances
RG23C-Part2 for cenvat credit taken on capital goods and paid on clearances
for gross liability and credit availed, check ER1( monthly return)
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