RG 23 A PART-I

[BHARAT PRADHAN]

DEAR SIR , WE ARE BRING ALL THE GOODS IN 10 TRUKS INTO THE FACTORY IN A SINGLE  DUPLICATE TRANSPORTER COPY, BUT NOT RECIVED IN ONE DAY, CAN I ENTRY IN RG 23 A PART-I AFTER RECIVED FULL QTY. OR RECIVED QTY  DATE WISE.

[YAGAY andSUN]

As state earlier, you would have to keep your records updated as and when you receive the material in your factory premises but you may avail the CENVAT credit after receiving the whole quantity of the material.

Further, RG23A Part I is no more statutory record, therefore, even in the updation in your computer system i.e. Tally, ERP or SAP would be sufficient to prove that you had received material on such particulars days and date.

[CASeetharaman KC]

RG23A Part I is no longer required to be maintained, and the receipts would have to be entered based on the date on which the goods come to your factory.

AI Summary

Recordkeeping for input receipts: CENVAT credit claim allowed after full receipt; electronic records acceptable, with date-wise entries required. RG 23A Part I is discontinued as a statutory record; receipts must be recorded on the date each consignment arrives at the factory, and electronic accounting systems (Tally, ERP, SAP) are sufficient evidence of those receipt particulars. CENVAT credit may be claimed only after the whole quantity is received, while records should be updated as goods are physically received.