Sales value of old machinary
mahesh17 (Account-Finance Officer) (162 Points)
02 October 2015mahesh17 (Account-Finance Officer) (162 Points)
02 October 2015
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 02 October 2015
Charge depreciation on CENVAT @ of 2.5% per quarter. Now compare the balance cenvat amount with the duty @ 12.5% on actual assessable value.
Charge maximum of above two.
Show it as "as such sale" of capital goods in Excise Records and ER-1.
mahesh17
(Account-Finance Officer)
(162 Points)
Replied 02 October 2015
arvind kumar sharma
(Consultant and Tax Practitioner)
(22 Points)
Replied 02 October 2015
mahesh17
(Account-Finance Officer)
(162 Points)
Replied 09 October 2015