Dear Sir
we purchased 100 kgs material in the month of June, same month we taken cenvat credit in excise return.
in that material we used 50 kgs for Excisable goods in the june month and remaining used for Excise exempt goods in july month. my question is how can reverse cenvat credit in july month and where can i take in excise return.
please help me.
regards
Arunkumar
Finance Executive
You will reverse the 50% cenvat credit in excise return in the column of other payment and put the remarks for reversal of cenvat credit.
| Originally posted by : Arun Kumar Singh | ||
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You will reverse the 50% cenvat credit in excise return in the column of other payment and put the remarks for reversal of cenvat credit. |
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thank you sir
CAclubindia
