vishal (AM) (34 Points)
08 November 2011Dear Experts
what is the remedy if any dealer pass on the excess duty as mention in manufacturing inv. if duty payable by him if yes under which code he has to pay or what penaly would be applicable. if duty depoisted by before notice, then in that case also penalty is applicable.
regards
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 08 November 2011
| Originally posted by : vishal | ||
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Dear Experts what is the remedy if any dealer pass on the excess duty as mention in manufacturing inv. if duty payable by him if yes under which code he has to pay or what penaly would be applicable. if duty depoisted by before notice, then in that case also penalty is applicable. regards |
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dealer can just pass on duty paid by manufacturer to next registered buyer ( manufacturer/2nd stage dealer), he can not pay duty,
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 08 November 2011
if any deficiancy appears , then he has to request the manufacturer to pay the diff from manufacturer side to department , dealer can not pay it.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 09 November 2011
If excess duty has been passed on, you can advise the manufacturer to reverse excess cenvat credit taken.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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