TaxTMI 
TaxTMI 
Excise Reverse or not
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....xcise Reverse or not<br> Query (Issue) Started By: - CHINTAN SHAH Dated:- 30-10-2017 Last Reply Date:- 3-11-2017 Central Excise<br>Got 3 Replies<br>Central Excise<br>Dear Sir, We have supplied goods ....
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....in Mega Power Project at Sagardighi, west Bengal. Also we have not created separate books of account. We will take CENVAT credit against material procured for this project. Now Excise department is as....
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....king to take 5% reverse on total basic sale value. As this is mega power project, are we liable tp pay 5% reverse ? Please guide us. Reply By MARIAPPAN GOVINDARAJAN: The Reply: The CENVAT Credit Ru....
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....les requires to maintain separate books of account for exempted goods as well as dutiable goods and also for exempted services as well as taxable services. If you are supplying both exempted goods and....
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.... dutiable goods you are having an option. If you are not maintaining separate books of account you have to pay the percentage of tax as mentioned in your query. Reply By Ganeshan Kalyani: The Reply:....
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.... I agree with Sri Mariappan Sir. Reply By KASTURI SETHI: The Reply: I support the views of Sh.Maiappan Govindarajan, Sir<br> Discussion Forum - Knowledge Sharing ....