maintaining RG 23d no., Central Excise

[nihal maner]

While maintaining RG 23d register for the new financial year (April). what is the RG number for March ending closing stock? (should we change the old number?), & what for new entries? pls suggest immediately..

Posts / Replies

[Pradeep Khatri]

Dear Nihal,

Yes, there is a requirement to start afresh.  Page numbers and serial number of the entries should be started from Serial No. 1 for the New Financial Year (i.e. from April).

Team YAGAY & SUN

(Management & Tax Consultants)

[nihal maner]

Dear Pradeepji,

The Serial no. 1 for new stock entries, but what about the old stock? Should the last yeard stock RG no. same for next year or it will change?

[Yatin Bhopi]

Old stock entries will remain the same. You have to put old page no and entry no while preparing dealer invoice. entry no 1 and page no 1 will start for preparing invoice from 1st April or taking new credit of invoice / bill of entry in RG23D register.

[Pradeep Khatri]

Dear Nihal,

The closing balance of stock in DSA (RG-1) and in RG 23D would be carried forward and would be incorporated as opening balance in new books of statutory records.

Regards,

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

[nihal maner]

& this closing balance of stock RG no. will same or restart from 1 ?

[nihal maner]

pls advise