credit on input invoices, Central Excise

[anand rama rao]

Dear Experts,

Is there any differences between the credit taken on input invoices issued by stage-I / stage-II dealers, Manufacturer invoices and importer invoices.

What is the effect, if we show them in "Credit Taken on inputs on invoices issued by manufacturers” column instead of showing in their relevant columns in ER-2

Anand

Posts / Replies

[Pradeep Khatri]

Dear Anand,

For administrative purpose these (i.e. credit taken on input invoices issued by stage-I / stage-II dealers, Manufacturer invoices and importer invoices) are required to be shown as prescribed in law. However, such mistakes are correctable mistakes, as you can intimate to the department that inadvertently such clerical mistakes have occurred and availed credit would be allowed to you.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)