TaxTMI 
TaxTMI 
TaxTMI 
Tool amortisation., Central Excise
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....ool amortisation., Central Excise<br> Query (Issue) Started By: - Sanjeev Goski Dated:- 10-12-2019 Last Reply Date:- 24-5-2020 Central Excise<br>Got 1 Reply<br>Central Excise<br>We have sold mould to ....
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....our customer without charging excise duty becase that mould we have kept with us to supply components. We availed excise duty on mould purchased from our vendor. Now before completion of project we wa....
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....nt to return the mould to the customer. 1) Do we need to reverse cgst credit for balance life of the mould as we have taken excise duty credit on that mould or can we charge cgst to our customer by i....
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....nvoice. can customer get the credit of cgst. We are not job worker. We are not going to charge anything while returning the mould to the customer as he is the owner of the same. Pls. reply. sanjeevgos....
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[email protected] - 7709482039 Reply By YAGAY andSUN: The Reply: Since on the above mentioned moulds you had availed CENVAT credit in C.E. Regime, therefore in our view, while supplying it back to you ....
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....customer, then, you need to reverse the ITC propotionately. Further, in GST Regime there is no need to pay GST on the Tool Amortisation as it is settled Legal Position.<br> Discussion Forum - Knowledg....
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....e Sharing ....