TaxTMI 
TaxTMI 
INTER UNIT TRANSFER SHOWS IN ER-1 RETURN
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....NTER UNIT TRANSFER SHOWS IN ER-1 RETURN<br> Query (Issue) Started By: - venkat eswaran Dated:- 3-7-2014 Last Reply Date:- 3-7-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Experts, We have 2 manufacturing units in Tamil Nadu. in different area. There are transfer of matls semi-finished, finished and RM in between units. from unit-2 all finished goods coming to unit-1 only. There ....
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....is no direct despatch to customer place from unit-2. all the goods are coming to unit-1 only with payment of duty. In this case how i can show in ER-1 return. Whether col.3 Details of manufacture, clearance and duty payable to be shown in ER1. or all the removal of goods to be shown in under inter unit transfer of goods directely in col. no.5 ? If we remove Raw matls as such from one unit to oth....
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....er unit Whether we have to show this transaction under credit utilized in inputs removed as such in Col.5. OR we have to show in Credit utilized in Inter unit transfers? Kindly give your views Thanks in advance Venkat Reply By Rajagopalan Ranganathan: The Reply: Sir. Column 4 & 5 of E.R. 1 refers to inter unit transfer made under Rule 12 BB which is applicable to assessee who opted for Lar....
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....ge Tax payer Unit (LTU for short). For others all duty paid clearances should be shown in Col, 3 (5) of E.R. 1 return. Please refer to Rule 12 BB to understand the implication of the same. Reply By Pradeep Khatri: The Reply: We are in agreement with the reply submitted by Mr.Rajagopalan Ranganathan.<br> Discussion Forum - Knowledge Sharing ....